Taiwan-based solar wafer maker Green Energy Technology (GET) announced plans to sell all is Shihlien Energy shares, with the total transaction estimated at NT$334 million (US$11 million). GET will recognize an investment gain of NT$80 million.
According to Lin Her-lon, CEO of GET, the firm plans to focus financial capital on its core business of producing solar wafers. Lin Shih-Yuan, company general manager, noted that high-end solar wafer demand has been strong and the firm plans to re-evaluate the possibility of renting capacity to meet demand.
GET owned 12.56% of Shihlien Energy shares and the transaction was completed on February 1, 2013.
Shihlien mainly produces silane, one of the materials for manufacturing thin-film solar products.