Hangzhou Kelin plans to raise no more than 1.46 billion yuan through a private placement for a solar cell module project and to supplement working capital

According to the Zhitong Finance APP, Hangzhou Kelin (688611.SH) disclosed a plan for the issuance of A-shares to specific targets in 2025. The company intends to issue no more than 32.8692 million shares to no more than 35 specific targets (including 35). The issuance price will not be less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The total amount of funds to be raised from this issuance of A-shares is not expected to exceed 1.46 billion yuan, and after deducting issuance costs, the funds will be used for a 1GW high-efficiency perovskite solar cell module project and to supplement the company's working capital.

According to the announcement, the total investment for the 1GW high-efficiency perovskite solar cell module project is 1.261 billion yuan, which will be implemented by the company's subsidiary Hangzhou Kenen New Energy Co., Ltd. The planned construction period for the project is 48 months, and the construction site is located in the Qiantang District of Hangzhou, Zhejiang Province. The main construction content of the project includes building high-cleanliness level factories, introducing advanced equipment, and constructing a high-standard manufacturing base, among others