Auhua delays flotation

The flotation of Auhua Clean Energy has been put back to the end of February.

The AIM admission of China-based Auhua, which designs and manufactures split solar-powered heating systems, had already been postponed from its original date of 16 December.

China has committed to ambitious targets for the reduction of carbon emissions, and some local governments in China have made the installation of solar power systems mandatory. A new factory in Rushan City could eventually produce 40,000 solar heating systems per year. Auhua's existing factory in Jinan City, Shandong Province has a manufacturing capacity of 50,000 units a year.