Neo Solar Power to raise more capital for capacity expansion
Nuying Huang, Taipei; Adam Hwang, DIGITIMES, 26 June 2009
http://www.digitimes.com/news/a20090626PD200.html
Neo Solar Power, a Taiwan-based maker of crystalline silicon solar cells, will issue 30 million new shares to raise around NT$800 million (US$24.6 million) specifically for expanding its annual production capacity by 150MWp to 360MWp in the second half of 2009, according to the company. Neo Solar’s board of directors approved the fund-raising plan at a meeting on June 25, the company indicated. According to industry sources, Neo Solar has been talking with potential clients in Japan via Daiwa Securities, its main shareholder. Neo Solar said it could not deny the reports