Barely pronouncable solar power firm Auhua Clean Energy enjoyed a solid first day of trading on AIM on Monday, finishing the day more than a tenth above its listing price.
The company raised £1m through a flotation of shares at 40p each, Shares opened 4p higher on Monday, before closing at an intra-day high of 44.5p.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It currently operates exclusively in China and has a strong presence in more than 60 cities. The group's workforce numbers more than 270, and it has one factory in Jinan City and one new factory in Rushan City.
JH
-
Reeves ‘looks at minimum UK shareholding' in ISA reformOn top of a rumoured £10,000 cash ISA limit, chancellor Rachel Reeves is reportedly considering adding a minimum UK shareholding requirement to the stocks and shares ISA
-
Rightmove: Asking prices rise by 0.3%, but increase is lower than typical for OctoberOctober saw asking prices grow by £1,165 on average, Rightmove says, but the increase is far below the usual autumn bump as the property market braces for next month’s Budget.
