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Early shine from solar cells maker

Article Date:  Jul 10 2007 James Crux

Friday witnessed first dealings in Jetion, a Chinese maker of high-performance solar cells and solar modules chaired by distinguished industry figure Dipesh Shah. Heavyweight AIM broker Collins Stewart managed to raise nearly £28 million of new money for the company through a placing priced at 151p.

GrowthBusiness.co.uk learns there was much clamour for the shares, with the placing oversubscribed, and the shares having risen to 156p in the open market, pricing the company at almost £116 million. Growth prospects, claims Shah, are underpinned by rising demand for solar power from Europe as well as from within China.

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