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(EMAILWIRE.COM, July 01, 2010 ) Cheyenne, WY - Hoku Corporation (NASDAQ: HOKU) opened at 3.250 during Wednesday's market session. The stock last traded at a value of 3.340, up 0.1000 or 3.09% on a volume of 166,958 shares at a lower rate than the average volume of 220,700. The high of the day stood at 3.440 and the low made at 3.160. It has been announced by Hoku that it has entered into a credit agreement of $28.3 million along with a branch of China Construction Bank based in New York. It is one of the largest commercial banks in terms of assets and second largest in the world in terms of market capitalization. It has even been reported that HOKU has received $20 million through debt financing from China Merchants Bank. Another great news revealed by HOKU is that they have amendments for their polysilicon supply contract in collaboration with Suntech Power Holdings Co., Ltd. (NYSE: STP) in order to remove the milestones, make adjustments in the contract and rescheduling the date for the shipment decided earlier. Moreover the 52-week low made at 1.670 and the high over the 52-week has been recorded at 4.330.
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