Share Issue/Capital Change • Dec 11, 2008
Share Issue/Capital Change
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Corporate | 11 December 2008 06:57
NEW VALUE AG: Solar Industries AG raises CHF 5 million in capital
NEW VALUE AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Information regarding the portfolio company Solar Industries AG
Solar Industries AG raises CHF 5 million in capital
The New Value portfolio company Solar Industries AG (Niederurnen,
Switzerland) has successfully raised CHF 5 million in capital. New Value
invested CHF 2 million, slightly increasing its share of the company’s
capital stock to 33.1%. The new funds will be used to actively expand
existing industrial holdings and enlarge the organization at the
Niederurnen site. Solar Industries is establishing a group of companies
that cover the entire value chain of solar module manufacturing and is
working to achieve a competitive industrial integration of these companies.
Since the spring of 2008, Solar Industries has been working together with
the successful MX Group in Italy. MX Group operates a production facility
for solar modules which has more than doubled its annual capacity this
year, from 22 MWp to 48 MWp. Solar Industries is also currently investing
significantly in the construction of production facilities for silicon
(Italsilicon) and solar cells (Solarcell). These efforts are focused on
the fast-growing Italian market, which will serve as a platform for
long-term expansion at a later time into other European markets as well as
overseas. Solar Industries is run by an experienced management team, and
its organization is marked by lean and efficient structures.
In order to actively expand its existing industrial holdings and increase
its medium-term involvement in the entire value chain of the solar power
industry, Solar Industries has raised CHF 5 million in capital. Of this,
CHF 2 million was invested by New Value, slightly increasing its equity in
the company from 31.3% to 33.1%. The remaining funds were provided by
institutional and private investors.
Additional information regarding Solar Industries:
www.solarindustries.ch
Information about New Value AG
New Value, listed at the SIX Swiss Exchange, invests directly in
promising private companies in Switzerland and neighbouring German-speaking
countries with above-average market and growth potential. As an investment
company, New Value promotes innovative business models with venture capital
and accompanies those to market success. The portfolio covers companies of
different stages of development, starting with the market introduction
phase up to medium-sized enterprises with stable profits. A broad
investment approach is deliberately followed regarding industry sectors.
The portfolio contains companies active in renewable energy, medical
technology, health, information technology and new materials. New Value
assigns great value to ethical business concepts and good corporate
governance while selecting their portfolio companies. Criteria such as
meaningfulness, social responsibility and ecological sustainability are
considered by New Value as decisive competitive advantages, which affect
and enhance the quality of products and services offered and thus,
facilitate an above average increase of value potential. Since the
formation of New Value, EPS Value Plus AG, Zurich, has served as investment
manager.
Language: English
Issuer: NEW VALUE AG
Bodmerstrasse 9
8027 Zürich
Schweiz
Phone: +41-43-344 38 38
Fax: +41-43-344 38 39
E-mail: [email protected]
Internet: www.newvalue.ch
ISIN: CH0010819867
WKN: 552932
Listed: Freiverkehr in Berlin, Stuttgart, München, Düsseldorf; Open
Market in Frankfurt; Foreign Exchange(s) SWX
End of News DGAP News-Service
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