1.65 Billion Yuan! Aiko Solar to Raise for 6.5GW High-Efficiency Solar Cell Project

PVTIME – On May 6, Shanghai Aiko Solar Energy Co., Ltd. (600732.SH), a professional manufacturer engaged in the R&D, production, sale and service of solar cells, issued an announcement on the approval of non-public issuance of A shares at the 31st meeting of the company’s eighth board of directors.

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. 450 million yuan is planned to use for the supplement of company’s working capital to meet the its future business needs. 

What is more, on May 6, Aiko Solar share prices skyrocketed to reach the ceiling price of 15.85 yuan. After Aiko Solar shares broke out of the new low of the year on April 27,  its stock price bottomed out, and the cumulative increase has reached 35% so far, with the latest market value of 32.276 billion yuan.