Tongwei Co., Ltd. intends to acquire 100% equity of Li Hao Qing Neng.

Published: Feb 24, 2026 19:54

Save

[PV Express] Tongwei Co., Ltd. (600438) announced on February 24 that the company is planning to acquire a 100% equity stake in Lihao Qingneng through the issuance of shares and payment in cash, and to raise supporting funds. This transaction is not expected to result in a change of the company's controlling shareholder or actual controller, does not constitute a connected transaction, and is anticipated not to constitute a major asset restructuring. As the transaction is still in the planning stage and relevant matters remain uncertain, upon the company's application, trading of the company's shares, convertible bonds, and convertible bond conversion will be suspended starting from the market opening on February 25, 2026, with the suspension period expected not to exceed 10 trading days.
Lihao was established in April 2021 and is primarily engaged in the R&D, production, and sales of semiconductor materials such as PV-grade high-purity polysilicon and electronic-grade polysilicon. Data shows that Qinghai Lihao currently has a polysilicon capacity of approximately 150,000 mt/year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

[SMM PV News] Morocco Sets New Net-Metering Tariffs

Morocco’s National Electricity Regulatory Authority (ANRE) has established new net-metering tariffs for excess solar power for the 2026-2027 period. Plant owners connected to high- and medium-voltage grids will receive MAD 0.21 ($0.023)/kWh during peak hours and MAD 0.18/kWh during off-peak hours. However, tariffs for low-voltage residential systems remain undetermined pending a finalized regulatory framework.

13 hours ago

Feb 23, 2026 10:59

【SMM PV News】TrinaTracker signs 360 MW contracts for two PV projects in Spain

On February 23, 2026, TrinaTracker announced a partnership with a Spanish EPC to provide a 360 MW smart tracking system solution for two major PV projects in Spain. The plan includes the delivery of approximately 11,000 sets of Pioneer 1P single-row tracking systems.

Feb 23, 2026 10:59

Feb 23, 2026 10:58

【SMM PV News】Turkey and Saudi Arabia's ACWA Power sign 2 GW solar project agreement

On February 20, 2026, Turkey and Saudi Arabia's ACWA Power signed a 2 GW solar project agreement in Istanbul, further promoting regional energy transition and transnational cooperation.

Feb 23, 2026 10:58