REC has decided to cease further funding of solar wafer subsidiary

Press release, August 14; Jackie Chang, DIGITIMES Asia Tuesday 14 August 2012 0

REC ASA has decided to cease further funding of its solar wafer subsidiary, REC Wafer Norway AS. Consequently there is no basis for a solvent winding-up of the company and the Board of REC Wafer Norway AS has resolved to file for bankruptcy.

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