News out19 Mar 2010 11:04
19 March 2010
Jetion Solar Holdings Limited
("Jetion" or the "Company")
Hong Kong Stock Exchange - Submission of A1
Jetion Solar Holdings Limited (AIM:JHL), the manufacturer of high quality solar cells and modules, announces that it intends to seek a listing on the main board of The Stock Exchange of Hong Kong Ltd ("HKSE") by way of introduction ("Proposed Listing"). It has today submitted its application for the Proposed Listing (Form A1) to the HKSE.
The Directors believe that the Company will benefit from having a dual listing status in Hong Kong whilst maintaining its trading status on AIM, as this will:
· provide exposure to two equity markets, in Europe and Asia, which have different investor profiles
· facilitate investment by Hong Kong based investors thereby enabling easier access to the funding pools available there
· broaden the Group's profile in Hong Kong and the PRC, where its operations are principally located
Commenting on the proposed dual listing, Chairman Gabriel Kow said:
"Our business in China is expanding fast and we believe the time is right to broaden our access to investors in the territories where we are based. However, we remain committed to our listing in London, particularly as we are expanding our footprint in Europe."
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