Tcl Zhonghuan Reveals Plans to Acquire Majority Stake in Maxeon
Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197Chinese wafer manufacturer TCL Zhonghuan says it wants to invest around $197.
PV Magazine International 1:09 am on June 3, 2024
** TCL Zhonghuan is set to acquire a majority stake in Maxeon, increasing its share from 22.39% to at least 50.1%, using up to $197.5 million through convertible bonds and equity investments amid solar industry volatility.
- TCL Zhonghuan Acquisition
- Stake Increase to Majority Holding (50.1%)
- Financial Commitment ($197.5 million)
- Convertible Bonds & Equity Issuance
- Strategic Positioning Amid Solar Market Volatility
https://www.pv-magazine.com/2024/05/31/chinese-pv-industry-brief-tcl-zhonghuan-reveals-plans-to-acquire-majority-stake-in-maxeon/