Xinyi Solar Said to Plan a $300 Million Hong Kong Initial Offer

Date: 22 July 2011
Source: http://www.bloomberg.com

Date: 22 July 2011

Xinyi Solar Holdings Ltd., the solar glass unit of Xinyi Glass Holdings Ltd. (868), is preparing an initial public offering in Hong Kong that may raise about $300 million, two people with knowledge of the matter said.

The maker of raw and processed ultra-clear photovoltaic glass aims to start trading in the fourth quarter, said the people, who declined to be identified because the information is private. Citigroup Inc. and JPMorgan Chase & Co. (JPM) will manage the offering, the people said.

Xinyi Solar has submitted a listing application to the Hong Kong stock exchange, Xinyi Glass said in a June 7 filing to the bourse. Spokespeople for Xinyi Glass couldn’t immediately be reached for comment.

To contact the reporter on this story: Fox Hu in Hong Kong at fhu7@bloomberg.net;

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

600450 Xinyi Solar Said to Plan a $300 Million Hong Kong Initial Offer glassonweb.com

See more news about:

Others also read

MORE...

New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Record sizing for ESG Polyvision™ LCD Privacy Glass
The development of ESG’s privacy glass product, ESG Polyvision™, has quite literally reached new heights.
Happy Holidays & Best Wishes
We sincerely thank all our members, friends and visitors for being part of GlassOnWeb and its success during 2011.
Glass Doctor Names New Vice President of Operations
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.

Add new comment