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Skycorp Solar Group Limited (PN) delivers innovative solar PV components and high-performance computing solutions across Asian markets. This news hub provides investors and industry professionals with essential updates on the company’s dual focus areas: renewable energy infrastructure and advanced technology partnerships.
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Skycorp Solar Group (PN), a solar PV product manufacturer specializing in solar cables and connectors, has announced the appointment of Feng Shibo to its Board of Directors and as Chair of the Audit Committee, effective April 08, 2025.
Feng brings significant financial expertise as the current CFO of China Forestry Treasury Center and former Senior VP at Shandong Hi-Speed Resources Fund. His background includes roles at Guotai Junan Securities and PricewaterhouseCoopers LLP, with over a decade of financial advisory experience.
The appointment follows the resignation of Li Baosong as Independent Director for personal reasons. Chairman and CEO Weiqi Huang emphasized Feng's strategic vision and experience in corporate financing as valuable assets for executing the company's growth plans.
Skycorp Solar Group (Nasdaq: PN), a manufacturer of solar cables and connectors, has successfully completed its Initial Public Offering (IPO) on March 5, 2025. The company raised $8 million in gross proceeds through the offering of 2,000,000 ordinary shares at $4.00 per share.
Trading commenced on the Nasdaq Capital Market under symbol 'PN' on March 4, 2025. The underwriter, Cathay Securities, has a 45-day option to purchase up to 300,000 additional shares to cover over-allotments.
The net proceeds will be allocated as follows:
- 30% for expanding product lines and services
- 30% for strengthening R&D capabilities
- 20% for improving brand recognition through marketing
- 20% for working capital and general corporate matters
Skycorp Solar Group , a Chinese manufacturer of solar cables and connectors, has announced the pricing of its Initial Public Offering (IPO) on the Nasdaq Capital Market under symbol PN. The company is offering 2,000,000 ordinary shares at $4.00 per share, aiming to raise $8 million in gross proceeds.
Trading is set to begin on March 4, 2025, with an expected closing date of March 5, 2025. Cathay Securities is serving as the underwriter, with a 45-day option to purchase up to 300,000 additional shares. The net proceeds will be allocated as follows:
- 30% for expanding product lines and services
- 30% for strengthening R&D capabilities
- 20% for improving brand recognition
- 20% for working capital and general corporate matters