27 May '14, 9am

Shunfeng to raise HK$6bn through share offering: The Chinese solar cell manufacturer hopes to raise... #solar #PV

Shunfeng to raise $774 million through share offering 27. May 2014 | Applications & Installations , Industry & Suppliers , Global PV markets , Markets & Trends | By: Ian Clover The Chinese solar cell manufacturer hopes to raise funds in order to construct more solar power stations. With its new share issue, Shunfeng is aiming for greater production capacity.Suntech China's Shunfeng Photovoltaic International has announced plans to issue HKD 6 billion (US$774 million) worth of new shares as the company seeks additional funds for the construction of new solar power stations. In an announcement made to the Hong Kong Stock Exchange, the company has revealed that it intends to sell more than 600 million new shares in a move that would represent the flotation of 28.2% of its existing share capital. The shares are set to launch at HKD 10 a piece – an issue price that is estimated...

Full article: http://www.pv-magazine.com/news/details/beitrag/shunfeng-...

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