China Solar Silicon Wafer Manufacturers In NYSE Listing

China solar silicon chip maker ZHEJIAN YUHUI ENERGY SOURCE CO,. LTD (ReneSola) on the 29th listed on the New York Stock Exchange. At this point, in New York Stock Exchange-listed Chinese mainland enterprises had reached 40.

ReneSola this to the price of 13 US dollars per share initial public offering of 10 million American Depositary Securities (ADS), financing 130 million US dollars.

ReneSola the board of directors and CEO Li Xianshou interviewed by reporters said the financing, the company alone, polysilicon films from the current capacity of more than 300 megawatts expanded to 645 megawatts, is expected to one of the world's top three silicon film producers as well. Li Xianshou expressed confidence in the future development of ReneSola. He said that the solar energy industry has great potential and that the landing ReneSola United States capital market, to raise development funds on the one hand, the other hand will also encourage companies improve their management level, and further expand the scale of production, the establishment of the industry's leading edge.

Two years ago, the London Stock Exchange in the United Kingdom ReneSola GEM successful fund-raising 50 million US dollars. Early last year, ReneSola in Hong Kong also successfully issued 120 million US dollars of corporate bonds, and further enrich the company's capital. Two years ago, the company registered capital of only 1.5 million US dollars, now ReneSola total investment of nearly 220 million US dollars, and the registered capital increased to 100 million US dollars.

Source: 中国新闻网 Li Jing Jan. 30, 2008