24, Tongwei issued a heavy announcement that it was planning to purchase 100% of Qinghai Lihao's equity and raise matching funds by issuing shares and paying cash. Trading in Tongwei shares, convertible bonds and convertible bonds will be suspended from the opening of the market on Wednesday, February 25, 2026, and is expected to be suspended for no more than 10 trading days. Tongwei
shares said that the transaction is still in the planning stage, and the company has signed the Intention Agreement for equity acquisition with Duan Yong, Hainan Zhuoyue Enterprise Management Partnership (Limited Partnership) and Hainan Haoyue Enterprise Management Partnership (Limited Partnership).
It is reported that Qinghai Lihao was founded in April 2021. Up to now, the company has announced that the total production capacity of polysilicon is 750,000 tons and the actual production capacity is 150,000 tons.
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