Hanwha Q Cells plans to conduct $25 million private placement of stock

Company intends to sell ordinary shares to lone investor Contra Costa

By Devika Patel

Knoxville, Tenn., May 27 – Hanwha Q Cells Co. Ltd. arranged a $25 million private placement of ordinary stock with Contra Costa Capital, LLC on May 26, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The deal is conditional upon and will settle concurrently with a potential public offering of ordinary shares.

The manufacturer of silicon ingots, silicon wafers, photovoltaic cells and photovoltaic modules is based in Seoul, Korea.

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