TFG Radiant to increase holding in US solar panel maker
TFG Radiant, a joint venture between Chinese property developer Radiant Group and Singapore-based investment company Tertius Financial Group, will increase its stake in Ascent Solar Technologies. The purchase will take its holding in the company to approximately 41%.
TFG Radiant has agreed to buy Norsk Hydro Produksjon's stake in Ascent for S4 million ($3.1 million), or around $0.50 per share. It first invested in Ascent in August 2011, acquiring 20% of the total shares...
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