RE: Takeover rumours27 Aug 2015 14:31
Oh, I can't paste a link. Hmmm. Ok, whole article then!
Auhua Clean Energy (ACE) Rose 20% on $50M Dollar Takeover Rumours
Auhua Clean Energy was a major riser today with intense buying after rumours emerged of its main shareholder and backer Rowsley Limited is having to fend off suitors as Chinese multi nationals target Auhua Clean Energy.
Talk in China is Auhua’s technology which is deemed as best in class as well as being officially recommended by China’s Building Materials,
Auhua Clean Energy, the specialist split-unit solar water heater system products group based in the Shandong province of China, has reported that trading for the first half year has been in line with expectations.
It has also announced further milestones including the establishment and implementation of industry standards for the split-unit solar water heater industry in Shandong, which Auhua has been a key adviser to.
The Company has signed memorandums of understanding with four large conglomerates for use of Auhua's split-unit solar water heaters for their property projects.
The Company has also been awarded the "Official Recommended Building and Engineering Product" by the Building Materials Department from the China Association for Engineering Construction Standardisation.
Auhua is currently the only official recommended supplier of split-unit solar water heaters in the whole of China.
Department,http://www.auhuacleanenergy.com/files/media/Auhua%20Clean%20Energy%20Company%20Update%2003.09.2012.pdf
And this has attracted a number of suitors including, Suntech who are one of China’s first solar energy companies and is now the world’s largest silicon solar panel producer.
The company has grown quickly since its establishment in September 2001 and now has a presence in 80 countries worldwide and a dynamic research and development team spread across five countries.
One of the company’s key milestones was winning a contract to supply the solar panels for the revolutionary Bird’s Nest 2008 Olympics Arena in Beijing – a 130 kW solar installation.
The business has also successfully penetrated the western market by establishing its first U.S. factory in Arizona on January 2010.
Suntech’s technology now ranks among the best in the world after attaining a photovoltaic conversion efficiency of 19% for mono crystalline solar cells and 17% for polycrystalline photovoltaic cells in 2009 and attained the 2 GW (gigawatt) mark in 2011.
Also in the frame is Sharp Solar a subsidiary business of the Japanese electronics giant, Sharp.
The company has been developing solar power solutions for more than 50 years and has secured a large consumer base and is well trusted in the industry.
Sharp Solar was the first of all solar energy companies to achieve 2 GW of solar cells.
They have repeatedly broken world records for solar cell conversion efficiency achieving 14.4% for polycrystalline