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We're Keeping An Eye On FREYR Battery's (NYSE:FREY) Cash Burn Rate
Trina Solar Co., Ltd. new layout in the United States: exchanging shares of the company on NYSE with a module factory to sell products through the latter.
1. The underlying assets involved in this restructuring are the 5GW component factory of Trina Solar Co., Ltd. in the USA, which is under construction and will soon be put into production. 2. Trina Solar Co., Ltd. will receive 0.1 billion USD in cash, 0.15 billion USD in face value of preferred notes, and FREYR common stock. 3. Currently, Trina Solar Co., Ltd. is facing losses, while its sales gross margin in the US market is the highest.
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Express News | Trina Solar Says the Underlying Asset Is a 5Gw Module Factory in U.S. Set to Begin Production
Express News | Trina Solar Says Unit Tsw Plans to Sell Core Asset Tum1 to FREYR in Exchange for Equity, Creditor's Rights, and Cash From FREYR Battery
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