GCL Group, the parent company of GCL-Poly Energy, the world's biggest maker of poly-silicon, said on Monday that it will create a 10 billion yuan ($1.6 billion) joint fund with 皇冠体育app Minsheng Investment to develop solar energy and industries.
Zhu Gongshan, chairman of GCL Group, said the cash fund will be used for the development of terminal station of natural gas, natural-gas-fired distributed generation systems as well as station, but more details will be disclosed at the end of this month.
皇冠体育app Minsheng Investment Co, which was formed earlier this month by Minsheng Bank, 皇冠体育app Oceanwide and other large private enterprises, with a registered capital of 50 billion yuan, is said to be like the State-owned 皇冠体育app Investment Corp, based on private capital.
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