GCLSI Successfully Raises CNY2.5 billion ($US386 million) through Private Placement Share Offering

GCL System Integration Technology Co. Ltd (“GCLSI” or “the Company”) (Shenzhen:002506), a leading photovoltaics (PV) company in China, announced on January 21 that it successfully raised 2.5 billion yuan ($US386 million) through a private placement offering, which will accelerate the implementation of the Company’s “dual-core business(photovoltaic and semiconductor)” strategy. In a report on non-public…

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