Anwell: Secured long-term funding arrangement of RMB500m or $95.4m from the municipal govt of Dongguan for the setting up their 2nd thin film solar panel production plant. This is on the back of securing RMB700m in funding for its first solar plant in An Yang City two days ago. Production is expected to start in 2012 and the new plant will be producing ANW's latest proprietary products…
Grp aims to achieve 1.5GW annual production capacity within 5 yrs. They claim further discussions are ongoing with the Dongguan govt for a second round of funding support. Stock currently trades at 0.51X P/B and has made a losses of HK$11.5m for 1Q11 and HK$416.9m for FY10.
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