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China New Energy client win
China New Energy Ltd (AIM: CNEL.L), a China based engineering and technology solutions provider to the bioenergy sector, listed on AIM yesterday and has retained Walbrook PR Ltd to provide Financial PR and IR advice. CNE hopes the AIM IPO will raise their profile internationally and provide access to future additional capital to drive acquisitive and organic growth.
CNE has raised £655,210 through a Placing at 7p per share. The market capitalisation of the Company at the Placing Price on Admission will be £20.8m. Cairn Financial Advisers LLP is acting as Nominated Adviser in relation to the Admission and SVS Securities plc is acting as Financial Adviser and Broker.