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REC Solar sees positive impact from having new Chinese parent

Solar-panel maker being acquired by China National Bluestar in a US$640m deal

REC Solar, whose S$2.5 billion plant in Singapore is the largest globally outside of China, will have a headcount of 1,800 by year-end.

THE acquisition of REC Solar by China National Bluestar will have only a positive impact on its operations in Singapore. Expansion will continue as planned, and having the Chinese connection could in fact open up opportunities in China, said REC Solar chief executive Martin Cooper.