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  News > 2013 > To Clarify the News Report of FPG’s Expansion against Trend on August 30, 2013 by Economic Daily New 
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Regarding the news report of FGPs expansion against trend on August 30, 2013 by Economic Daily News Plate A16, it mentioned that TG determined to increase investment US$85 million on its subsidy, TG Fujian Solar Glass Group, to build the second solar glass production line. We hereby certify that TGI Board of Directors had approved this investment item on October 22, 2010 and made the announcement and material information issued. The corporation is called TG Fujian Photovoltaic Glass Co., Ltd. (FPG), and the investment amount is US$ 24 million.

 

The news report also mentioned that the annual production value will increase to RMB$ 1.1 billion (approximately NT$ 5.384 billion) from RMB$ 350 million (approximately NT$ 1.713 billion), it cost RMB$ 70 million (approximately NT$ 340 million) to purchase fully automated cold-end production equipment and it is planning to invest with US$235 million by 3 installments to build 3 production lines. We hereby certify that those related reports above are speculation of mass media. The related information shall go by the bulletin on the website of Market Observation Post System (M. O. P. S.).