Chinese Manufacturer Almaden Raises EMB 1 Billion Funding in Latest Rounds

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Shenzhen-listed PV components manufacturer Almaden announced on Friday it intends to raise up to RMB1 billion through a private share offering and invest in several glass projects including a large-size thin PV glass scheme, a building-integrated PV anti-glare coating glass smart factory and a new R&D center. Almaden said RMB513 million will be invested into a facility in Fengyang city, Anhui province, for 12 production lines compatible with large-size glass with a thickness of less than 2mm.