Sungrow plans listing on Frankfurt Stock Exchange

Sungrow says it is planning a listing on the Frankfurt Stock Exchange to support its inverter and energy storage manufacturing operations beyond China. Sungrow has said that its board has approved a proposal to issue global depository receipts (GDR) and list them on the Frankfurt Stock Exchange. The company said it aims to raise up to CNY 4. 878 billion ($670 million) to fund four major manufacturing projects. It will invested nearly CNY 2 billion in a 20 GWh advanced energy storage equipment facility. It said it will also allocate CNY 1. 76 billion to expand overseas production of inverters and ...

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