Asian Activities Report for February 7, 2012: GCL-Poly Energy Holdings (HKG:3800) Forms a Joint Venture with NRG Solar to Enter the US Solar Market
Asian Activities Report for February 7, 2012 includes: GCL-Poly Energy Holdings Limited (HKG:3800), a leading polysilicon and wafer supplier as well as a top green energy enterprise in China, has formed a 50:50 joint venture named Sunora Energy Solutions 1 LLC ("Sunora"), with NRG Solar, one of the largest photovoltaic ("PV") project developers in the United States; Hutchison Whampoa Limited (HKG:0013) says that its subsidiary Hutchison 3G Austria ("3 Austria") has signed a binding agreement to acquire 100% of Orange Austria to become a top 3 player in the Austrian market; Furukawa Electric (TYO:5801) has completed the acquisition of SuperPower Inc., a US-based manufacturer of second generation high temperature superconductivity wire; Tokyo Electron Limited (TYO:8035) plans to set up a wholly owned subsidiary in Singapore, called Tokyo Electron Singapore PTE Ltd., on April 1, 2012.