GCL-Poly Energy Announces Major 2025 Wafer Deal

GCL-Poly Energy Holdings (HK:3800) has released an update.

GCL-Poly Energy Holdings has announced a new agreement for 2025, in which its subsidiary, GCL Technology Suzhou, will sell wafers to GCL System Integration. The deal, valued at up to RMB996 million, will run throughout 2025 and covers approximately 7.44GW of wafer production. These transactions are considered connected under Hong Kong’s listing rules, requiring reporting but not independent shareholder approval.

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