REC Solar silicon wafer 618 million U.S. dollars to be issued share capital

Solar silicon wafer maker Renewable Energy Corporation ASA (REC) 19 announced that the company will release a total amount of about 4.0 billion Norwegian kroner (about 618 million U.S. dollars) of capital stock. In addition, REC also plans to issue 30-50 billion Norwegian kroner of the new debt. As of the time in Taipei at 15:14 on the 19th so far, REC rose 8.22 percent, at 69.80 Norwegian kroner.

The global solar cell industry leader Q-Cells SE 5 announced on 6 successful 55 Norwegian kroner per share placing price of REC shares 84,956,767 shares, equivalent to 530 million euros to raise funds, the proceeds will be used to reduce the amount of accounts on the liabilities. Q-Cells shares at the time that is equivalent to the above account of the company holding all of the REC, equivalent to the REC 17.2% of outstanding shares.

May. 24, 2009