Neo Solar prices GDR at maximum 10% discount

Taiwanese solar cell manufacturer Neo Solar encounters significant headwinds, including a 20.9% drop in its share price during marketing, but is still able to raise $132.4 million.

<div style="text-align:left;"> The solar cells manufactured by Neo Solar are used to make solar modules and systems (AFP) </div>

Anette Jönsson

July 15, 2011

Neo Solar Power Corp, a Taiwanese maker of high-efficiency solar cells, has raised $132.4 million from the sale of its first ever global depositary receipts (GDRs).

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