Hanwha wants to focus on solar not by investing in Hsol, but by acquisition of other solar companies.They had close to four years already. to get Hsol profitable so far. Hsol is getting there on their own, slowly and trying to avoid more debt. They already have a $575 million bank loan available they haven't touched yet. When they do, showing profitability, loans will be at better terms.
Short interest can be covered in one day on the Canada TSXV exchange where the real volume is traded.
Read the headline for April 30/14
" Hanwha SolarOne appoints new Chairman and Ceo".
It doesn't say Hanwha Chemical, because they can not overrun another PUBLIC CO. Your stupidity is showing.
The board of directors of Hsol runs the company . Hanwha Chemical may have a few board members but even if they had increased their share ownership to over 50% they are not allowed to have majority seats, per agreement last year, which they never finalized. In fact they have done nothing for Hsol in the last four years.
Yes, if that 10% happens to be the highest percentage owner of shares and everyone else is lower, they have influence but the other 90% can override them. Get over it Hsol is majority owned by China with its' manufacturing IS in CHINA.
It is obviously Q-Cells which has had profitable earnings for the last three quarters. They also have a poly plant in Korea that came on line not long ago.
When they are referring to profits from solar, they ARE talking about Q-Cells and their poly plant in Korea. If Hsol made a profit it would stay with Hsol and not contribute to H-Chemical bottom line.
Whatever Hanwha Chemical acquires has nothing to do with Hsol.
It is not Korean owned, it is a Chinese co in which Hanwha Chemical has a 49% shareholder stake.
Hanwha Chemical wants to buy more solar companies; that is why they didn't increase their shares in Hsol; they only own shares in HSOL, JUST LIKE YOU. Have those shares close to four years now and are probably waiting to buy Hsol same as the did Q-Cells.
They had a heavy debt load, so they chose dilution over debt. They get nothing from Hsol to bottom line.
I doubt it, second quarter was already half done when that news came out.
Don't have to google; it is right here, just click headlines, up above.
HSOL is doing that on their own, part of their $80 million Cap Ex for 2014, which is same as last year. Hanwha Chemical is paying for the Q-Cells Malaysia build out because they own 100% of Q-Cells.
H-Chemical only has a shareholder stake in Hsol, so whatever they make stays with Hsol not a dime goes to H-Chemicals' bottom line.
H-Chemical can not just take its' shareholders' money and give it to Hsol, it is itself a public company.
They are adding on to Q-Cells Malaysia plant, which is to be completed this fall, that is where they are investing in solar. Their investment in Hsol is a shareholder stake only.