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GCL-Poly Energy Holdings Ltd (3800.HK)

3800.HK on Hong Kong Stock

0.93HKD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

GCL-Poly Energy says Jiangsu Zhongneng and Jiangsu GCL entered into new JZ steam supply agreement
Friday, 30 Jun 2017 11:10am EDT 

June 30 (Reuters) - Gcl-poly Energy Holdings Ltd <3800.HK>:Jiangsu Zhongneng and Jiangsu GCL entered into new JZ steam supply agreement and new GCL steam supply agreement with Jinshanqiao Holdco​.Agreement in relation to supply of steam by Jinshanqiao Holdco..‍Yangzhou GCL and Yangzhou Power entered into new Yangzhou steam supply agreement​.‍Jiangsu Xinhua and Jinshanqiao Holdco entered into JX steam supply agreement​.Taicang GCL and Taicang Power entered into Taicang steam supply agreement in relation to supply of steam by Taicang power to Taicang GCL.Jiangsu Zhongneng, Jinshanqiao Holdco entered into new desalted water supply agreement in relation to supply of desalted water by Jinshanqiao Holdco.  Full Article

Gcl-Poly Energy says ‍Jiangsu Zhongneng entered into subscription agreement with Tianjin Zhonghuan​
Friday, 30 Jun 2017 10:33am EDT 

June 30 (Reuters) - Gcl-poly Energy Holdings Ltd <3800.HK>-:‍jiangsu zhongneng entered into subscription agreement with tianjin zhonghuan​.Parties to subscribe for subscription shares for a total consideration of rmb1.48 billion.Proceeds for share subscription shall be used for xinjiang project.  Full Article

Gcl-Poly Energy says trustee purchased 163 mln shares from market
Friday, 19 May 2017 05:24am EDT 

May 19 (Reuters) - Gcl-Poly Energy Holdings Ltd <3800.HK>::Trustee purchased 163 million shares from market to hold on trust for benefit of eligible persons.Total consideration of shares purchased is approximately HK$146 million.  Full Article

GCL-Poly Energy says group's Q1 wafer production volume was about 5,038 MW
Wednesday, 17 May 2017 06:05am EDT 

May 17 (Reuters) - GCL-Poly Energy Holdings Ltd <3800.HK> ::Group's wafer production volume for Q1 of 2017 was approximately 5,038 mw, representing an increase of approximately 19.2%.Group's polysilicon production volume for Q1 of 2017 was approximately 19,508 mt, representing an increase of approximately 6.9%.  Full Article

GCL-Poly Energy says co entered into agreement with bondholder
Friday, 7 Apr 2017 06:28am EDT 

GCL-poly Energy Holdings Ltd <3800.HK>: Co entered into agreement with the bondholder to purchase a further US$50 million in the principal amount of the 2019 convertible bonds .Agreement at the purchase price of USD49.4 million in cash.  Full Article

Gcl-Poly Energy invests in construction of polysilicon production plant
Thursday, 6 Apr 2017 06:36am EDT 

Gcl-poly Energy Holdings Ltd <3800.HK> : Resolved to invest in construction of a plant to produce polysilicon with a production capacity of 60,000 tonnes in xinjiang . Estimated additional total investment of project is approximately rmb5.68 billion . Difference between total investment amount and registered capital will be financed by debt . Registered capital of project company is rmb2 billion . Believes that on completion of project by 2020, co will ramp up its annual polysilicon production capacity from 70,000 tonnes to 115,000 tonnes Source (http://bit.ly/2o66dOp) Further company coverage: [3800.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gcl-Poly Energy Holdings reports FY profit from continuing operations of RMB2.10 billion
Wednesday, 29 Mar 2017 07:10am EDT 

Gcl-poly Energy Holdings Ltd <3800.HK>: FY profit from continuing operations attributable to owners rmb 2.10 billion versus rmb 2.14 billion . FY revenue from continuing operations of rmb 22.02 billion versus rmb20.48 billion . No dividend was proposed by directors . "we believe that cost should continue to come down in 2017" . Confident that we continue to execute cost reduction strategy with new technology programs such as diamond wire and black silicon .Anticipate that 2017 global pv solar demand to exceed 85 gw, up from around 75 gw in 2016.  Full Article

Gcl-Poly Energy says U.S. Bankruptcy Court approves entering into acquisition agreement
Wednesday, 26 Oct 2016 06:44am EDT 

Gcl-poly Energy Holdings Ltd <3800.HK> :On 25 oct United States Bankruptcy Court entered a sale order approving and authorising sellers to enter into agreement.  Full Article

GCL Poly Energy says HY net profit RMB 1.39 billion<3800.HK>
Wednesday, 24 Aug 2016 06:52am EDT 

GCL-Poly Energy Holdings Ltd <3800.HK>: Interim results announcement for six months ended 30 June 2016 <3800.HK> . HY revenue RMB13.16 billion versus RMB10.22 billion . HY net profit RMB 1.39 billion versus RMB 584.6 million . Board does not recommend the payment of any interim dividend for the six months ended 30 June 2016 . "Expect solar wafer pricing trend to remain resilient" . "Anticipate that 2016 global PV solar demand to grow modestly to approximately 64 GW, up from 51-57 GW in 2015 and from 44 GW in 2014" .  Full Article

GCL-Poly Energy Holdings issues positive profit alert<3800.HK>
Tuesday, 16 Aug 2016 06:30am EDT 

GCL-Poly Energy Holdings Ltd <3800.HK>: Positive profit alert <3800.HK> . The group expects to record a net profit attributable to owners of the company of not less than RMB1,300 million for the six months ended 30 June 2016 . Says expected result was mainly due to the remarkable financial performance of our solar material business .  Full Article