Jetion Holdings, a China-based solar cells and modules maker has raised £30.5 million through joining AIM after its shares were valued at 151p each.

Jetion Holdings, a China-based solar cells and modules maker has raised £30.5 million through joining AIM after its shares were valued at 151p each.

The company, which has a market cap of £112 million, appointed Collins Stewart as its nominated adviser and broker while UHY Hacker Young was reporting accountant.

UHY’s team was led from its London and Nottingham offices by partner Laurence Sacker, who worked alongside a team from the firm’s associate office in China.

“With the current pressures on governments to tackle climate change and the Chinese government’s recent commitment to the Renewable Energy Law, the solar industry is growing rapidly,” Sacker said. “Demand continues to outstrip supply and by building up its production capabilities Jetion hopes to become a leading solar business for both domestic and international markets.”