, China National Building Materials acquires minority stake in Singulus

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8 January 2018

China National Building Materials acquires minority stake in Singulus

© Semiconductor Today Magazine / Juno Publishing

Singulus Technologies AG of Kahl am Main, Germany (which makes production equipment for the optical disc and solar sectors) says that Beijing-based China National Building Materials (CNBM), has acquired a minority interest of about 1.5 million shares (16.8%) of its existing 8.9 million issued shares from external shareholders.

Just last November Singulus signed a contract with the “subsidiary of a major listed energy company and solar module manufacturer in China” to supply several TENUIS II systems for wet-chemical coating processing in copper indium gallium diselenide (CIGS) solar module production.

The corresponding legally binding purchase agreements have been signed, and a transfer of ownership of the shares to CNBM will take place soon, after certain conditions have been fulfilled. For example, the acquisition of the shares remains to be approved by Chinese government agencies and the relevant competition authorities. It is expected that the approvals will be granted over the coming months.

See related items:

CNBM begins production at China’s largest CIGS solar module factory, using technology from Avancis

Singulus supplying several TENUIS II CIGS solar module production systems to Chinese customer

Singulus wins €15m contract to supply CIGS PV production system

Tags: Singulus Thin-film PV CIGS CIS PV module

Visit: www.cnbm.com.cn/EN

Visit: www.singulus.de

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