United Renewable Energy Plans US Solar JV With Sino-American Silicon; Shares Up 4%
MT Newswires Live
Jul 21
United Renewable Energy (TPE:3576) is contemplating a joint venture in the US with Sino-American Silicon Products, with an investment of no more than $11.8 million, according to a Tuesday filing with the Taiwan Exchange.
The solar cell and module maker will hold a 49% stake in the joint venture, which will focus on the manufacture and sale of solar modules in the US.
The investment will be funded through internal funds.
Shares of the solar cell and module maker were up nearly 4% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.