M&A Activity • Sep 19, 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 -- September 19, 2023: REC Silicon Pte. Ltd, a
fully owned subsidiary of REC Silicon ASA ("REC Silicon"), references the
stock exchange release dated 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").
As previously communicated, the sale process is ongoing consistent with the
information announced. REC Silicon and an identified buyer have made
progress; however, additional steps are required and are ongoing before the
transaction to divest the 15% equity interest in the Yulin JV is complete.
The company will provide further updates 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
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2023-09-19 17:34 CEST.
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