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Neo Solar Aims to Raise Up to $300 Million From GDRs, CFO Says

Neo Solar Power Corp., 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.

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