GCL-Poly to Buy $232 Million of Same Time Shares, Convertibles

GCL-Poly Energy Holdings Ltd., the world’s biggest maker of polysilicon, is considering investing HK$1.8 billion ($232 million) in Same Time Holdings Ltd., which may add solar-power investment to making printed circuit boards.

GCL-Poly may buy new Same Time shares at HK$4 each, acquiring about a 29 percent stake in the Hong Kong-based company, according to a pair of filings with the city’s stock exchange yesterday evening. The companies didn’t say how many shares GCL-Poly may acquire under a non-binding memorandum of understanding.