ACE.L Share News (ACE)

AIM-listed exploration group Auhua Clean Energy has completed the acquisition of the entire issued share capital of environmental technology firm Ziolar Pte and Ziolar Taiwan.The group said the acquisition is expected to advance its solar theme panel technology, and combined with its already-made solar heating combi-systems and solar cooling technologies, it will strengthen its entry into the solar energy market on a "global scale". The firm said application has been made for admission of the consideration shares to trading on AIM which is anticipated to become effective on around May 23rd. The total number of Auhua ordinary shares in issue is now 89,472,245, which brings the total number of voting rights in the company to 89,472,245.Non-Executive Chairman David Summer said: "We are pleased to have completed this acquisition which will significantly broaden our technical capability with the integration of its state-of-the-art thermal panel technology, a vital component in solar powered water heater systems. "The acquisition marks the continuation of our international expansion strategy outside of China and the Middle East markets."As of 10:03 Auhua's share price was unchanged at 36p.WS