Wednesday, November 02, 2005

Chinese Solar Cell Company to Offer IPO

Here is an IPO that you might want to take a look at:

Chinese IPO

A Chinese company that manufactures solar cells, is raising cash for their growth in the “Solar Energy” field:

The company said it intends to use about $100 million of the net proceeds for raw materials, about $40 million to expand manufacturing lines, about $20 million to enhance research and development efforts, and the remaining for general corporate purposes and for potential acquisitions. For the nine months ended Sept. 30, the company posted net income of $21.4 million, compared with $8.8 million for the same period in 2004.

A country of 1.28 billion people that is beginning their first mainstream “industrial revolution” is going to need some cheap and efficient energy. This stock might be worth taking a look at................