The company (0757.HK) disclosed that its subsidiary, Wealthy Rise is required to pay Hoku Scientific (HOKU) a deposit in the amount of US$68 commencing this year relating to future deliveries of silicon. The amount triggered a manditory announcement pursuant to the listing rules of the Hong Kong exchange. Subsequent to the Company’s disclosure trading resumed on Sep 12th.
Posts tagged ‘0757.HK’
Since last Thursday 34 of the 36 companies in our Solar index have declined driving the index down 11.5%. One exception, with no price changes, was Solargiga (0757.HK) which requested trading in its share be suspended starting at 9:30 AM on Friday, September 5th pending “the release of an announcement relating to a major transaction”. Solargiga is engaged in the manufacturing of monocrystaline silicon and in reclaiming and upgrading silicon. The company is acting fast with a “major transaction” coming just 6 months after their IPO debut on March 31, 2008
The only company advancing, albiet a modest 1.6%, since Friday is Solar-Fabrick AG (SFX.F). Solar-Fabrick manufactures modules and is also in the reclaiming business through its July 2005 acquisition of Global Expertise Wafer Division Ltd., a wafer trader and recycler of semiconductor silicon.
The Solar index has been updated and rebalanced for a net gain of 2 companies to 36 constituents. Three companies were added: Solargiga Energy Holdings (0757.HK), Shenzhen Topraysolar Co., Ltd. (002218.SZ), and Solar Integrated Technologies, Inc. (SIT.L). One company, Spire Corporation (SPIR) was removed due to a decline in market capitalization.
The Renewable Electricity index has been updated and rebalanced. The index now contains 22 constituents reflecting the removal of Solar Millennium AG (S2M.DE) due to a decline in market capitalization.
The Biofuels index has been updated and rebalanced. The index now contains 14 constituents reflecting the removal of Nova Biosource Fuels, Inc. (NBF) due to a decline in market capitalization.
The Fuel Cell index has been rebalanced. There were no changes in constituents.
The LED-Lighting index has been rebalanced. There were no changes in constituents.