With analysts predicting Tuesday's International Trade Commission (ITC) ruling in the U.S. would prompt Chinese solar manufacturers to repatriate manufacturing operations after the Taiwanese loophole was closed, Chinese giant GCL Poly today announced a dramatic u-turn on its plan to dispose of its domestic wafer and ingot manufacturing business. The plan to dispose of wafer and ingot manufacturing assets in Jiangsu province in two separate deals for RMB8 billion ($1.3 billion) to ease the company's debt burden and focus on the higher margins offered by polysilicon was abandoned today (Friday), the date by which GCL had to publish details of an extraordinary meeting to push through the sale. No reasons for the abrupt change of heart were given in the announcement made by GCL to the Hong Kong stock exchange but the decision ...Den vollständigen Artikel lesen ...