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Shanghai Aerospace Climbs Most in 8 Months on Solar Projects

July 5 (Bloomberg) -- Shanghai Aerospace Automobile Electromechanical Co., a Chinese maker of solar-power components, surged 7.6 percent to 12.37 yuan as of 10:30 a.m. local time in Shanghai trading, set for the biggest gain since Nov. 2. The company said it plans to raise 2.2 billion yuan in a private placement for solar projects.

To contact the editor responsible for this story: Bloomberg News at swong139@bloomberg.net

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