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BRIEF-Hoku and Tianwei amend supply agreements
By: AFX | 06 Jul 2009 | 04:45 PM ET
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July 6 (Reuters) - Hoku Scientific Inc: * Hoku and Tianwei amend supply agreements to accelerate prepayments and adjust shipping schedule * Says eliminated co's near-term shipping obligation to Tianwei, and adjusted long-term contract price * Says remaining $2 million is to be paid when it commences polysilicon shipments to Tianwei in 2010 * Says average prices over the ten-year term of each contract were adjusted downward by 8 percent * Says total amounts payable over term of both agreements was reduced to about $468 million ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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