Neo Solar Power Is Aiming to Raise as Much as $300 Million With GDR Issue

Neo Solar Power Corp. (3576), Taiwan’s third-largest solar-cell maker by market value, aims to raise as much as $300 million by issuing global depositary receipts, Chief Financial Officer Thomas Hsu said.

The solar-cell maker plans to sell the GDRs by the end of the second quarter, Hsu said at a media briefing in Taipei today.

To contact the reporter on this story: Yu-Huay Sun in Taipei at

To contact the editor responsible for this story: Ryan Woo at

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