Neo Solar Power secures NT$4 billion syndicated loan
Dec 07, 2007
Neo Solar Power on December 6 announced that it has signed syndicated loan of NT$4 billion (US$123 million) with five banks to fund its expansion and materials procurement.
Frank Huang, chairman of Neo Solar and Powerchip Semiconductor Corporation (PSC), commented the performance of Neo Solar Power is the best among the PSC Group. The company had an annual output of 36MWp in 2007 while capacity for the full year of 2008 is already nearly fully occupied, Huang added.
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