Bright start for AIM-listed Auhua
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.
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.
The company, based in the Shandong Province of eastern China, specialises in the development and application of green energy and energy efficient water heating solutions. In particular, it is focused on the manufacture and sale of solar-powered water heating systems used in blocks of flats or office blocks.
Subscribe to 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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Just Group has the wind behind it – should you invest?
Just Group, a retirement products provider, is well placed to profit from a growing annuity market
-
8 of the best houses for sale for around £500,000
The best houses for sale for around £500,000 – from an 1850s property in Great Yarmouth with a viewing tower overlooking the harbour, to an apartment in period property with a private residents’ garden in Greenwich