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System integrator Stark Technology has announced plans to partner with Solartech Energy to establish a solar-cell-related component subsidiary in Jiangxi, China.
Industry sources indicated that the subsidiary will start with a capital size of US$29.8 million with Solartech contributing US$3 million. Besides having a positive outlook for the solar cell market, Stark indicated that its current sufficiency in on-hand operational funds motivated the move. As of May 2008, Stark holds about NT$1.3 billion (US$42.7 million) in cash, according to the company.
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