Recently, Chaori Solar announced that the listed company issued 1 billion yuan coupon at interest rate of 8.98%, 5 years fixed rate bonds, of which 400 million yuan would be used to repay bank loans, 600 million yuan would be used to supplement working capital.
On January 11, 2012, Chaori Solar announced that a wholly owned subsidiary of Shanghai Chaori International Trading Company Limited ( the seller ) and China Solar Gmbh ( the buyer ) signed the "PV supply contract in 2012", agreeing that in year 2012 the listed company would supply the buyer with a total amount of about 110 million euros of the modules products, the contract was expected to bring about 19.58 million euros' gross profit. The people's livelihood Securities Research Report estimated that in 2012 Chaori Solar modules shipment would be 550-600MW, so in 2012 the listed company would obtained about 71.79-78.32 million euros gross profit.
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