In order to maintain the normal operation of the company, REC Silicon, which is in urgent need of a $6.5 million life-saving fund, may have to choose a new management team nominated by Hanwha. On July 16, local time, Norwegian veteran polysilicon company REC Silicon and South Korea " local time, on July 16, Norwegian veteran polysilicon company REC Silicon announced that According to the latest liquidity forecast received by the board from the company's management, the company needs at least $ 6.5 million (about 4,666) in late July.
For REC Silicon, which is short of money, where will the money come from?
This means that REC Silicon wants to get the urgently needed $6.5 million in operating funds, either to "hold" Hanwha's thighs or to find new financing channels.
In this context, following the completion of the Offer, the directors of REC Silicon have entered into discussions with Hanwha with a view to obtaining the necessary short-term financing from Hanwha to resolve the Company's current financial crisis.
Meanwhile, Hanwha has informed REC Silicon's board of directors that it plans to propose an extraordinary shareholders' meeting to elect a new board of directors in the week beginning August 4. Jens Ulltveit-Moe,
an independent board member, and Water Street Capital, the company's second largest shareholder, are acting in the best interests of the company and its shareholders. Agree to support the election of the new board of directors ( including the new chairman ) nominated by Hanwha. Provided that the parties enter into a binding agreement by July 21 , 2025 for at least $6.5 million in financing to be provided by Hanwha.
In addition, as of the date of the July 14 Offer, Anchor AS (the "Offeror"), a wholly owned subsidiary of Hanwha USA, Inc., accepted the Offer for 180,498,818 shares, representing approximately 42% of the issued shares of REC Silicon. The offeror announces that it will launch a mandatory offer by the date specified in the relevant statute.
浙公网安备33010802003254号