Cher Wang, chairperson of Taiwan-based HTC (High Tech Computer) and VIA Technologies, has subscribed to over 50% of 28 million new preferred shares issued by Taiwan-based crystalline silicon solar cell maker Solartech Energy through a private placement, according to industry sources.
Wang acquired the stake in Solartech through a few Taiwan-based companies of which she is a majority shareholder or chairperson, the sources pointed out.
In response to the question of whether Wang's investment will lead to future cooperation between Solartech and Wang, the company said it will not rule out any possibility. Solartech hit record revenues of NT$533 million (US$16.7 million) in January 2010 and is expanding its annual production capacity aiming at 252MWp by the end of 2010, the sources pointed out.
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