16 Jun 2015 13:58
16 June 2015
AUHUA CLEAN ENERGY PLC
("Auhua" or the "Company")
Press speculation
Auhua Clean Energy Plc (AIM: ACE) ("ACE"), the environmental technology group notes recent press speculation and confirms that it is considering a placing of approximately £1.5 million at a substantial discount to the current market price. Amongst other things, the Company intends for the proceeds of the placing to fund its working capital requirements in its overseas expansion in Taiwan and Dubai and to increase the production capacity in China.
A further announcement will be made in due course.
Media Enquiries
Brunswick | Tasha Young | auhua@brunswickgroup.com |
Further information
Auhua Clean Energy plc | David Sumner, non-executive Chairman
| +971 555 923198 davidjsumner@auhuacleanenergy.com |
Grant Thornton UK LLP (Nominated Adviser) | Philip Secrett / Maureen Tai / Jamie Barklem
| +44 (0)20 7383 5100 |
WH Ireland (co-broker) | Tim Feather |
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About Auhua:
Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group specialising in the development and application of green energy and energy efficient solar water thermal solutions with offices in Singapore, Taiwan and Shandong province, Peoples' Republic of China. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.