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SAS terminates GDR issue; Neo Solar Power to issue 70 million new shares

, Taipei
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Solar-grade wafer maker Sino-American Silicon Products (SAS) has terminated plans to issue 80 million GDR (global depository receipts) shares citing the need for further evaluation due to the current market and the company's stock price.

The board of solar cell maker Neo Solar Power on July 26 approved plans to issue 70 million new shares for purchasing production equipment.

Article translated by Willie Teng