25 Nov 2013 07:00
AUHUA CLEAN ENERGY PLC
("Auhua" or "the Company")
Share Subscription
Auhua Clean Energy plc, the AIM quoted (AIM: ACE) environmental technology group announces that it has raised £1,250,000 through the issue of 6,250,000 ordinary shares of the Company, at 20 pence per share (the "Subscription Shares"). The proceeds of the subscription will be used for general working capital.
Application has been made for the admission to trading on AIM of the Subscription Shares ("Admission"), and Admission is expected to take place on 28 November 2013.
Following the issue of the Subscription Shares, the Company's total issued ordinary share capital will be 76,171,395 ordinary shares.
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Further Enquiries:
Auhua Clean Energy plc | Raphael Tham, Chairman | +65 9768 6046 |
Grant Thornton UK LLP (Nominated Adviser)
| Philip Secrett/ Maureen Tai/ Jamie Barklem | +44 (0)20 7383 5100 |
Beaufort Securities Limited (Broker) | Christopher Rourke/ Guy Wheatley | +44 (0)20 7382 8300 |
Brunswick Group | Carolina Danspeckgruber | +44 20 7404 5959 |
About Auhua Clean Energy
Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar water heating solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.
Auhua Clean Energy operates through its wholly owned subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the intermediate holding company.
ACE.L (ACE)