5:49 am Hanwha SolarOne filed with the SEC a shareholder circular; anticipates providing over 600 MW of tariff-free modules to the U.S. in 2015 (HSOL) :
The Circular contains important information including shareholder voting instructions, financial information for the combined entity, detailed financial and operating information about Hanwha QCELLS and a description of the strategic benefits of the transaction. The Circular highlights, among other things, Q CELLS' strengthening operational and financial performance:
Revenue growth of 177% for the six months ended June 30, 2014 compared to the same period in the prior year.
A significant improvement in operating profit to $7.8 mln for the six months ended June 30, 2014 from $33.2 mln loss from same period in the prior year.
Company anticipates providing over 600 MW of tariff-free modules to the U.S. in 2015 and over 1 GW in 2016.