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Taiwan's New Nikko Energy Technology completed a cash capital increase of 160 million ordinary shares at an issue price of NT$18 per share on April 25, raising a total of NT$2.
88 billion, which will be used to strengthen the company's financial structure and expand its solar power plant business
.
New Nikko said in a statement that the fundraising case is the first successful
capital increase of Taiwan's solar energy company this year.
The cash raised will be used to strengthen the company's financial structure and expand the solar power plant business
in cooperation with domestic and overseas partners.
Although the slowdown in Chinese demand has affected order visibility, ASP, etc.
since the second quarter of this year, New Nikko is optimistic about the future development trend of renewable energy and the continued growth of global solar demand, so it will continue to deepen its operations, especially the development
of high-efficiency cells, modules, and downstream solar system markets.
Taiwan's New Nikko Energy Technology completed a cash capital increase of 160 million ordinary shares at an issue price of NT$18 per share on April 25, raising a total of NT$2.
88 billion, which will be used to strengthen the company's financial structure and expand its solar power plant business
.
New Nikko said in a statement that the fundraising case is the first successful
capital increase of Taiwan's solar energy company this year.
The cash raised will be used to strengthen the company's financial structure and expand the solar power plant business
in cooperation with domestic and overseas partners.
Although the slowdown in Chinese demand has affected order visibility, ASP, etc.
since the second quarter of this year, New Nikko is optimistic about the future development trend of renewable energy and the continued growth of global solar demand, so it will continue to deepen its operations, especially the development
of high-efficiency cells, modules, and downstream solar system markets.
