The purpose of the proposed capital raising ahead of the planned listing is to be able to take advantage of the good business opportunities that the company now has in China. The new capital intends to be invested in into roof-top solar energy facilities
Advanced Soltech's CEO, Max Metelius comments:
There is strong conversion pressure in the energy sector towards renewable production and Advanced Soltech sees a strong demand for our offering. We have several large projects with good profitability in our pipeline and in order not to lose momentum on our growth journey, we now want to investigate the possibility of raising capital in the form of another preference share issue.