United Renewable Energy (“URE”, or “the Company”, 3576 TT), announced that the
company has secured an NT$10.13 billion syndicated loan. In this syndicated loan,
First Bank, Taiwan Cooperative Bank, Mega International Commercial Bank and
CTBC Bank are the co-lead arrangers. The agreement is to be signed by First Bank
and Chairman of URE, Sam Hong.
This syndicated loan is for a period of 3 years and can be extended for another 2 years.
The other participating banks are Shanghai Commercial and Savings Bank,
Agricultural Bank of Taiwan, Land Bank of Taiwan and Taiwan Business Bank.
Sam Hong, Chairman of URE commented, “URE has integrated the solar supply
chain, and is in the stage of transforming to focus on system and branded module
business. In line with the government policy of Nuclear Free 2025, URE is committed
to helping Taiwan with reaching 20GW target of solar power installation. It is
believed that URE will be growing its operation performance and maintaining solid
About Neo Solar Power Corporation (3576 TT) (NSP)
Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam Hong (former Director of ITRI Research Division), Neo Solar Power Corporation (NSP) is a leading manufacturer of high performance and high quality solar cells and modules. With core competitive advantages in quality, technology and customer service, NSP became the world’s largest merchant solar cell manufacturer by volume in 2013. After selling DelSolar to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP with a 19% holding. Leveraging current leading position in solar cell technology, NSP will further expand into the global solar systems businesses, aiming to become the leading solar system integrator in the world. For more information, please visit the company’s website at www.nsp.com
For further information, please contact:
Evelyn Hung Corporate Planning +886-2-2656-2000 #58163 firstname.lastname@example.org
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