Chinese solar cell manufacturer Aiko Solar plans to issue a global depository receipt (GDR) and apply for a listing on the Swiss Stock Exchange to improve its competitiveness.
The GDR will be based on the company’s ordinary shares (A-shares) as underlying securities.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
The company’s newly added A-shares as underlying securities represented by GDR shall not exceed 10% of the total capital of ordinary shares of the company before the completion of the listing.
Aiko Solar achieved significant growth in 2022, with its estimated net profit for the year reaching RMB2.1-2.5 billion US$309-368 million).
