Key Developments: Hanwha Solarone Co Ltd (HSOL.O)

HSOL.O on Nasdaq

1.36USD
22 May 2013
Price Change (% chg)

$-0.37 (-21.39%)
Prev Close
$1.73
Open
$1.73
Day's High
$1.75
Day's Low
$1.32
Volume
2,084,770
Avg. Vol
461,775
52-wk High
$1.97
52-wk Low
$0.77

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Latest Key Developments (Source: Significant Developments)

Hanwha Solarone Co Ltd Enters Into RMB 3.0 Billion Credit Agreement With Bank of Beijing
Wednesday, 26 Dec 2012 11:04pm EST 

Hanwha Solarone Co Ltd announced that it has reached an agreement with the Bank of Beijing for access to up to RMB 3.0 Billion (approximately USD475 million ) of credit over the next twelve-month period. Drawdown of specific amount is subject to approval procedures of the Bank of Beijing , including review of specific project information, as applicable.  Full Article

Hanwha Solarone Co Ltd Signs South Africa's Largest Ever Solar Deal
Sunday, 9 Dec 2012 08:00pm EST 

Hanwha Solarone Co Ltd announced a 155 MW solar module supply agreement with Cobra, Gransolar and Kensani. In the Company’s and South Africa’s largest solar deal to date, Hanwha SolarOne will distribute its high-performance modules to the country’s Letsatsi and Lesedi Projects, which were selected by the South Africa Department of Energy (DOE) in the first round of bids under the South Africa Renewable Energy Program.  Full Article

Hanwha SolarOne Co., Ltd. Appoints Hee Cheol Kim As President
Thursday, 15 Dec 2011 09:31pm EST 

Hanwha SolarOne Co., Ltd. announced that its Board of Directors has appointed Mr. Hee Cheol Kim, who is a member of the board and also currently serves as the strategic planning team head of Hanwha Group, as President of Hanwha SolarOne  Full Article

Hanwha SolarOne Co., Ltd. Obtains USD100 Million Term Loan Led By Standard Chartered Bank And Korea Development Bank
Thursday, 22 Sep 2011 04:00am EDT 

Hanwha SolarOne Co., Ltd. announced it has obtained a five-year loan in an amount of USD100 million, led by Standard Chartered Bank and Korea Development Bank. The agreement provides for loans in USD.  Full Article

Solarfun Power Holdings Co., Ltd. Announces Change In Management
Monday, 27 Jun 2011 06:00am EDT 

Solarfun Power Holdings Co., Ltd. announced that the Company's Board of Directors has appointed Mr. HONG as Chief Executive Officer, Mr. Jung Pym SEO as Chief Financial Officer, Mr. Chris Eberspacher as Chief Technology Officer, and Mr. Justin Koo Yung LEE as Chief Commercial Officer. The appointments will become effective July 1, 2011, and are intended to bolster SolarOne's management systems and brand positioning and to enhance the Company's R&D and marketing capabilities through longer-term investment. The Hanwha Group remains the Company's shareholder at 49.9 %. Mr. HONG is the Chairman of the Board of SolarOne and chief executive officer of Hanwha Chemical Corporation. Mr. HONG is the Chairman of the Board of SolarOne and chief executive officer of Hanwha Chemical Corporation. As a part of these changes, Dr. Peter Xie and Mr. Gareth Kung will step down from their positions as president and chief executive officer and chief financial officer, respectively.  Full Article

Hanwha SolarOne Co., Ltd. Obtains RMB525 Million Syndicated Loan Led By Bank of Shanghai
Friday, 3 Jun 2011 05:00am EDT 

Hanwha SolarOne Co., Ltd. announced that it has obtained a three-year loan for working capital in an amount of RMB525 million, from a syndicate led by Bank of Shanghai. The other members of the syndicate were Shanghai Commercial Bank of Hong Kong and The Shanghai Commercial & Savings Bank of Taiwan. The agreement provides for loans in both USD and RMB.  Full Article

China's Hanwha SolarOne gets $475 mln credit line from Beijing bank

Dec 27 - Hanwha SolarOne Co Ltd said Bank of Beijing Co Ltd will provide it with a credit line of about $475 million, in yet another instance of Chinese banks helping local solar companies survive a steep fall in prices.

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