The Shanghai Inventory Alternate constructing
Picture: screw, Wikimedia Commons
Chinese language-Canadian photo voltaic module producer Canadian Photo voltaic has moved forward with plans for an IPO on the Shanghai Inventory Alternate (SSE).
The corporate initially submitted its IPO software in June 2021 and handed SSE itemizing overview in December of that yr. The IPO was then briefly suspended in September 2022, as Canadian Photo voltaic reportedly failed to offer the required updates.
The IPO prospectus exhibits that Canadian Photo voltaic plans to problem 541 million shares, accounting for 15% of the entire post-issuance capital inventory. It expects to lift web earnings of CNY 8.8 billion (.26 billion) and stated it needs to take a position the funds to broaden wafer, cell and module capability. It stated it additionally needs to spend money on a brand new analysis institute in Jiaxing, Zhejiang province.
Canadian Photo voltaic is the one main Chinese language PV firm not listed on the Chinese language inventory market. JinkoSolar, JA Photo voltaic, and Trina Photo voltaic have moved from the New York Inventory Alternate to the SSE.
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