Aiko Solar announced recently that it plans to raise RMB 3.5 billion in a private placement of Class A shares. Excluding the transaction fee, the net proceeds of the share placement will be used to build production capacity in the Chinese city of Zhuhai and Yiwu. The company plans to add 6.5GW in Zhuhai and 10GW in Yiwu. The first phase of the latter project will add 2GW. Aiko is a major Chinese manufacturer of PV cells with production bases in the Chinese provinces of Zhejiang and Guangdong. ... more
