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Jan 6th, 2012
TFG Radiant Group invest in flexible CIGS module maker Ascent Solar Technologies
Ascent Solar Technologies Inc said it will sell an additional 21 percent stake to TFG Radiant Group, in a move that will double the Chinese group's ownership in the U.S. photovoltaic cell maker to 41 percent.
TFG, a joint venture between Radiant Group and Tertius Financial Group, will purchase the additional stake in Ascent for $4 million, or about 50 cents per share, a 19 percent premium to the stock's Tuesday close of 42 cents on Nasdaq.
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