Press Release

Contact:

Bernhard Krause
Singulus Technologies AG
Hanauer Landstrasse 103, 63796 Kahl am Main, Germany
Tel.:     +49 (0) 1709202924
Fax:     +49 (0) 61 88 - 4 40 - 110
E-mail: Bernhard.Krause@Singulus.de
First acquisition of 13.11% shares in SINGULUS TECHNOLOGIES AG by China National Building Materials (CNBM)
September 21, 2018

Kahl am Main, 21 09 2018 – China National Building Materials, Beijing (CNBM), informed the SINGULUS TECHNOLOGIES AG that it has acquired a minority stake of around 13.11 % (1.166 million shares) from existing shareholders. The transfer of ownership (closing) of the shares to Triumph Science and Technology Group Company, LLC, a 100 % subsidiary of CNBM, became effective this Friday, September 21. In a second subsequent step, a further 3.64% of the outstanding shares are to be taken over in a timely manner after the occurrence of defined conditions precedent.

The Supervisory Board and the Executive Board of the SINGULUS TECHNOLOGIES AG regard this investment of the globally operating group CNBM as positive. Additional growth in other interesting markets could be triggered by this commitment. The Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, Dr.-Ing. Stefan Rinck, comments: “In the meanwhile CNBM has started to set up four production sites for CIGS thin-film solar modules in China, which each will have a production capacity of 300 MW in the first expansion stage. Overall, in the medium term CNBM plans to invest up to 6 GW production capacity for the manufacturing of thin-film (CIGS) solar modules.”

SINGULUS TECHNOLOGIES - Innovations for New Technologies
SINGULUS TECHNOLOGIES is an engineering company and develops and builds machines for economic and resource-efficient production processes. The range of use of the machines built by SINGULUS TECHNOLOGIES include vacuum thin-film and plasma coating, wet-chemical cleaning and etching processes as well as thermal processing technology.

For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to provide additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors, Coatings and Optical Disc.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, 63796 Kahl am Main, Germany, WKN A1681X / ISIN DE000A1681X5 

OK

We use cookies to ensure the functionality and security of this website. In addition, third parties may set up individual documents and pages cookies. By using this site, you agree to the use of cookies. For more information on changing this setting, and the cookies used can be found at this link.