UK investment fund asks REC to delay corporate board meeting
The entrance to REC Silicon in Moses Lake. A UK-based investment group is asking the company to delay an upcoming meeting to appoint new members to the company’s board of directors, noting that it would give Hanwha Solutions half the seats on the board while the South Korean electronics and chemical company only holds one-third of REC shares.
FILE PHOTO
LONDON — A U.K.-based investment group is asking Norway-based REC Silicon to delay an upcoming board of directors meeting after expressing concern about the board’s makeup and future arrangements to supply the company’s products to its largest shareholder, South Korea-based Hanwha Solutions, according to a letter made public on Monday.
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