Tongwei to acquire 100% stake in Lihao Clean Energy through share issuance and cash payment

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

Tongwei revealed plans to acquire a 100% stake in Lihao Clean Energy, a privately held polysilicon manufacturer registered in Xining, Qinghai province, through a combination of share issuance and cash payment. The transaction involves 57 shareholders, including Duan Yong, Hainan Zhuoyue, and Hainan Haoyue, with preliminary audit, valuation, and due diligence work largely completed. Tongwei also intends to raise supporting funds through a share placement to no more than 35 qualified investors. Lihao Clean Energy operates a first-phase 50,000 metric ton polysilicon project commissioned in 2022 and is leveraging Qinghai’s renewable power resources for scaling operations. The acquisition is in the final stage of negotiations over the transaction plan, with no disclosed capacity figures or purchase price.

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