everbright investment jiawei photovoltaic lighting listed on shenzhen stock exchange
11 may 2012, hong kong – china everbright limited (“everbright”, hkse code: 165) announced that its venture capital fund everbright guolian fund has successfully listed its investment project jiawei photovoltaic lighting co., ltd. (“jiawei photovoltaic lighting”; szse code: 300317) on the shenzhen stock exchange. the company issued 35 million shares at an initial offering price of rmb 11 and closed its first day of trading at rmb 13.03, up 18.45%.
jiawei photovoltaic lighting () is a shenzhen-based hi-tech enterprise focusing on the development, manufacturing and sale of solar energy and led lighting products. it is one of the first movers in china exporting solar energy application products on a scalable basis. over the years jiawei photovoltaic lighting has become a leading solar lighting company with the best-selling products, largest production scale, most innovative technology, and strongest r&d and marketing capabilities.
everbright guolian fund invested in jiawei photovoltaic lighting in august 2010 via share capital investment and generated a return on investment of 2.26 times based upon today’s closing price. jiawei photovoltaic lighting is the first listing project for everbright guolian fund. everbright has a total of three venture capital funds focusing on private companies in high-growth sectors, and these funds had already completed 14 investment projects.
