TCL Zhonghuan Buys Majority Stake in DAS Solar as Industry Consolidates
businessmergers-acquisitionsworldchina 2 posts · 2 accounts
TCL Zhonghuan has purchased a majority stake in smaller rival DAS Solar, securing a controlling interest in the solar wafer maker.
The acquisition adds to consolidation across the solar sector, which continues to face persistent overcapacity and a supply glut.
From the sources (2 posts)
@businessChinese solar wafer maker TCL Zhonghuan has purchased a majority stake in smaller rival DAS Solar, the latest sign of consolidation in an industry wrought by overcapacity and a persistent supply glut
@firstsquawkCHINESE SOLAR COMPANY TCL ZHONGHUAN ACQUIRES MAJORITY STAKE IN DAS SOLAR, SHOWING CONSOLIDATION IN AN INDUSTRY STRUGGLING WITH EXCESS CAPACITY AND SUPPLY SURPLUS.