Shanghai Aerospace Automobile to Fund Solar Cell Project
Shanghai, Aug 11, 2008
Source: TradingMarkets.com
http://www.tradingmarkets.com/.site/news/Stock%20News/1817219/
Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SHSE: 600151), a renewable energy developer and automobile parts manufacturer, plans to raise at most CNY 1.8 billion by additionally issuing three shares to every ten shares its shareholders have. The raised fund will be used to enlarge the share capital of Inner Mongolia Shenzhou Silicon Co., Ltd., and Shanghai Shenzhou New Energy Development Co., Ltd., and finance a 150MW solar cell project of Shanghai Shenzhou. (more…)