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Solartech Energy announced fundraising of 20 million shares through rights issue for expansion of capacity. <Economic Daily News>

<Taipei>

Upon the continuous excellent sales income support, the stock share price of Solartech Energy soared up to 98% since November and represented the leading champion among the solar group. Yesterday it rose again it closed up to NT$51.6. Solartech Energy reported November’s financial result, hitting monthly highs revenue of NT$514 million up to 9.3%MoM and 44.6%YoY which is the best record since the company was established.

Solartech Energy’s November shipments performed better than expected. It estimated another topping record for December. Based on the current order visibility, it forecasted a revenue of up 60% QoQ in the fourth quarter, and NT$3.75 billion for fiscal year of 2009 with EPS of over NT$1.

Solartech Energy is running over full capacity. The board meeting approved the fundraising of 20 million shares to adjust the financial structure and purchase new production equipments. It is scheduled to enter mass production at full capacity in the third quarter of 2010, which the annual capacity will currently raise from 132MW to192MW and the expansion rate will reach 45% accordingly.
 
aus der Diskussion: Solartech Energy - taiwanesischer Zellhersteller
Autor (Datum des Eintrages): R-BgO  (02.01.10 13:02:16)
Beitrag: 6 von 13 (ID:38654347)
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