M&A Activity • Nov 29, 2023
M&A Activity
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REC Silicon Update on the agreement for the sale of Yulin equity interest
Moses Lake, Washington USA -- November 29, 2023: REC Silicon Pte. Ltd, a fully
owned subsidiary of REC Silicon ASA ("REC Silicon"), references the stock
exchange release dated 19 September and 30 May 2023 regarding the public
bidding process involving its 15% equity interest in the Shaanxi Non-Ferrous
Tian Hong REC Silicon Materials Co., Ltd joint venture ("Yulin JV").
The sale process is ongoing and is now entering a phase for governmental
review of the proposed transaction. The governmental review is mandatory and
one of the final steps remaining to complete the sale process, however, there
have been no changes to information previously disclosed.
The company will provide further updates on the process as and when
appropriate.
Contacts
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Jack Yun
CFO
Email: [email protected]
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: [email protected]
About Us
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REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics
industries worldwide. We combine over 30 years of experience and proprietary
technology with the needs of our customers, with annual production capacity of
more than 20,000 MT of polysilicon from our two US-based manufacturing plants.
Listed on the Oslo Stock Exchange (ticker: RECSI), the Company is
headquartered in Lysaker, Norway.
For more information, go to: www.recsilicon.com
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