TCL Zhonghuan aims for controlling stake in DAS Solar

TCL Zhonghuan has entered exclusive talks to acquire a controlling stake in module manufacturer DAS Solar, marking one of the most significant consolidation moves in China's photovoltaic manufacturing sector as the industry faces continued financial pressure and overcapacity.TCL Zhonghuan has signed a framework cooperation agreement to acquire Chinese module maker DAS Solar. The proposed transaction would involve a combination of existing share transfers, a voting-rights entrustment arrangement, and a subsequent capital increase, giving TCL Zhonghuan effective control of the company. The parties ...

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