Mitsui & Co., Ltd. ('Mitsui', Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) and GCL-Poly Investment I LP ('GCL-Poly Investment', Representative: Yeung Man Chung, Charles), an exempted limited partnership and wholly-owned by GCL-Poly Energy Holdings Limited ('GCL-Poly'), today announced that it has executed a shareholders agreement to set up a new joint venture that will focus on strategic investment to accelerate growth investment related to new-generation energy and infrastructure related business.

GCL-Poly is an investment company and its subsidiaries are principally engaged in the manufacturing and sale of poly-silicon and wafer produces, key material in solar photovoltaic, and developing, owning and operating solar farms.

Mitsui is targeting to accelerate development of new-generation electricity business and mobility service by synergizing GCL-Poly's strong presence in Chinese market and Mitsui's global network, and cultivate new revenue source in order to materialize medium-term management plan.

New Joint Venture Overview

Company MIT GCL Investment Limited
Main business Investment into the companies which possess cutting-edge technologies which contribute to new-generation energy and infrastructure business development
Ownership Mitsui (50%), GCL-Poly Investment I LP (50%)

GCL-Poly Investment Overview

Company name GCL-Poly Investment I LP
Representative Yeung Man Chung, Charles
Main business Investment vehicle
Establishment 2018

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Mitsui & Co. Ltd. published this content on 27 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 June 2018 03:02:02 UTC