GCL-Poly Energy Holdings (HK:3800) has released an update.
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GCL Technology Holdings Limited has announced a significant venture to build the largest polysilicon production facility outside China in the Middle East, through a joint collaboration with Mubadala Investment Company. This strategic move aims to localize an integrated silicon ecosystem in the UAE, with potential to impact the global polysilicon industry and contribute to Abu Dhabi’s economic diversification and job creation. Shareholders are advised to exercise caution as the collaboration’s success and subsequent investment agreements are still under progress and subject to further announcements.
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