PVTIME – On November 15, Shanghai Aiko Solar Energy Co., Ltd. (600732.SH), a professional manufacturer engaged in the R&D, production, sale and service of solar cells, released an announcement on the approval of its non-public issuance of A shares by the China Securities Regulatory Commission (CSRC).
According to the announcement, the company intends to raise no more than 1.65 billion yuan, with the price of 10.17 yuan per share. 1.2 billion yuan of the funds raised this time will be invested in its new-generation high-efficiency crystalline silicon solar cells project in Zhuhai City, with an annual output of 6.5GW and an estimated total investment of 5.4 billion yuan. The rest 450 million yuan is planned to use for the supplement of company’s working capital to meet the its future business needs.
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