Reported about 10 hours ago
GCL Technology Holdings recently indicated during an investor call that additional details regarding the restructuring of China's polysilicon industry will be available soon. CFO Yang Wenzhong noted the possibility of supporting the reform with the company's own funds, although specific amounts are still uncertain. The proposed restructuring may involve consolidating a significant portion of the industry’s capacity, which could lead to increased prices for solar panels. Analysts remain skeptical about funding sources for this highly indebted sector, while GCL reports improved conditions with expected profitability in the coming months.
Source: YAHOO