GCL Poly extends loan term to subsidiary - has the wafer maker had help with its debt pile?

The polysilicon giant has extended the repayment date for a loan to an EPC subsidiary by 10 months and, with its share price rising sharply, should investors prepare themselves for some as yet unannounced good news?Talk about perfect timing - Chinese PV-grade polysilicon and wafer maker GCL Poly announced today it has granted an extension to the repayment date of a $110 million loan it made to its indirect, wholly-owned subsidiary GNE Development. Having loaned the solar plant EPC the money at 8% interest in April last year, a $70 million slice of the cash was due for repayment tomorrow, but that ...

Den vollständigen Artikel lesen ...