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Chinese PV Industry Brief: Intense M&A activity and two more factories
Longi and Tongwei have both seen changes in ownership in recent days. Meanwhile, Maxwell Technology has unveiled a plan to build a heterojunction cell factory Jiangsu Province and the Henan Group has entered PV glass and module production.Chinese private equity firm Hillhouse Capital announced on Sunday that it became the second-largest shareholder of China-based monocrystalline module maker Longi. The company agreed to acquire 226 million shares at a price of RMB70 per share for a total value of RMB15.8 billion ($2.4 billion). After the transaction was announced, the stock value of Longi jumped .
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