Following closely in the footsteps of other China based companies, Jetion Solar Holdings (LON:JHL), a manufacturer of high quality solar cells and modules, has announced that it intends to seek a listing on the main board of The Stock Exchange of Hong Kong by way of introduction.
The Directors believe that the Company will benefit from having a dual listing status in Hong Kong whilst maintaining its trading status on AIM (reassuring for AIM!), as this will provide exposure to two equity markets, in Europe and Asia, which have different investor profiles, facilitate investment by Hong Kong based investors thereby enabling easier access to the funding pools available there, broaden the Group’s profile in Hong Kong and the PRC, where its operations are principally located.
Chairman Gabriel Kow commented how Jetion’s business in China is expanding fast and the Group believes the time is right to broaden their access to investors in the territories where they are based. However, he confirmed his commitment to the London, "particularly as we are expanding our footprint in Europe". The news was welcomed by the market with shares rising over 15% to 92.5p. With liquidity on AIM becoming a serious issue for many, it makes you wonder if some UK based business with exposure to Far East markets should also consider doing the same. If your home market isn’t working, why not try pastures new!
