GCL TECH(HK:03800) Zhi Tong Cai Jing·2025-12-08 11:59Core Viewpoint - GCL-Poly Energy Holdings Limited (协鑫科技) announced the establishment of a limited partnership to acquire a 42.469% stake in Inner Mongolia Xinyuan Silicon Material Technology Co., Ltd. This acquisition aligns with the company's development strategy and aims to enhance capital appreciation opportunities [1][2]. Group 1: Partnership Agreement - The partnership agreement involves GCL-Poly's subsidiaries, including GCL Suzhou and GCL Xuzhou, along with partners Xinda and Xinsong, to form a limited partnership with a total capital of RMB 2.064 billion [1]. - GCL Suzhou and Xinda will contribute RMB 760 million and RMB 1.3 billion, respectively, while the general partners will contribute smaller amounts, with GCL Xuzhou contributing RMB 150,000 [1]. Group 2: Target Company Overview - The target company, established in 2021, focuses on the research, development, manufacturing, and sales of granular silicon and related renewable energy businesses [2]. - GCL-Poly currently holds a 57.531% stake in the target company through its subsidiaries, which will continue to be a non-wholly-owned subsidiary post-acquisition [2]. Group 3: Financial Implications - The total consideration for the acquisition will be RMB 2.01 billion, and the financial performance of the target company will continue to be consolidated into GCL-Poly's financial statements [2]. - The establishment of the limited partnership and the acquisition are expected to provide significant investment opportunities for the group, aligning with its strategic goals [2].