Tongwei plans to acquire 100% of Lihao Clean Energy for undisclosed consideration

Type: Acquisition · Technology: Solar · Country: China · Announced: 2026-08-11

Tongwei revealed plans to acquire 100% of Lihao Clean Energy, a private polysilicon manufacturer registered in Xining, Qinghai province, through a combination of share issuance and cash payment to 57 existing shareholders including Duan Yong, Hainan Zhuoyue, and Hainan Haoyue. The transaction has progressed to the final stages of negotiations following completion of audits, valuations, and preliminary due diligence. Lihao Clean Energy operates a rapidly expanding polysilicon production business leveraging Qinghai's renewable energy resources, with its first-phase 50,000 metric ton polysilicon project commissioned in 2022 and long-term capacity ambitions reported significantly higher. Tongwei also plans to raise supporting funds through a private placement to up to 35 qualified investors, though the purchase price and capacity figures were not disclosed in the announcement.

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