Sunsi Energies Inc. (SSIE) Announces Intent to Acquire TSC Plant, Gain Access to China Distribution
SunSi Energies Inc. develops Trichlorosilane (TSC), a component essential to the production of polysilicon for solar panels. As part of its stated acquisition objective, SunSi subsidiary SunSi Energies Hong Kong Inc. has agreed to acquire 90 percent of Zibo Baokai Commerce and Trade Co., the exclusive owner of distribution rights in China for the TCS produced by Zibo Baoyun Chemical plant (ZBC). The deal is scheduled to close no later than June 30, 2010. When the transaction is complete, SunSi will hold 100% of the distribution rights for ZBC’s TCS productions, both in China and abroad. SunSi said upon finalizing…