REC Silicon is planning to divest its remaining stake in the so-called Yulin joint venture. This is getting off cheaply on our view as the company had lost any kind of control in the JV and had therefore written down the assets.
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Leaving China
REC Silicon is planning to divest its remaining stake in the so-called Yulin joint venture. This is getting off cheaply on our view as the company had lost any kind of control in the JV and had therefore written down the assets.