Hangzhou Kelin plans to raise no more than 1.46 billion yuan through a private placement for a solar cell module project and to supplement working capital
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Hangzhou Kelin plans to raise no more than 1.46 billion yuan by issuing A-shares to specific targets, with the funds to be used for a 1GW efficient perovskite solar cell module project and to supplement working capital. This issuance will not exceed 32.8692 million shares, with the issuance price not lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The total investment for the project is 1.261 billion yuan, to be implemented by its subsidiary Hangzhou Kenen New Energy Co., Ltd., with a construction period of 48 months, located in Qiantang District, Hangzhou
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