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According to sources, the much-anticipated 'consortium' platform aimed at restructuring the polysilicon sector is now in the preparatory phase, with the finer points of the acquisition strategy still up for debate. At present, there are proposals to set up a fund valued at around 70 billion yuan. The intention is to deploy 10 billion yuan as leverage for a 'debt-assuming' acquisition deal totaling 70 billion yuan. This past May, a number of prominent polysilicon companies embarked on merger and acquisition planning. More recently, it was reported that on October 28th, Zhu Gongshan, the Chairman of GCL Group, disclosed that 17 leading companies have, for the most part, reached a consensus on establishing the consortium. The restructuring is anticipated to be finalized by 2025.
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