China Solar’s latest attempt to relist put off until November
The scandal-hit Hong Kong-based solar manufacturer has had trading in its shares suspended for six years but white knight investor Cheung Shun Lee is hoping to get it back into operation.
China Power clean energy unit to de-list from Hong Kong exchange
The business will come under the control of its Chinese state-owned parent power company after a shareholder vote agreed the move earlier this month.
Embattled Singyes Solar outlines debt restructuring plan
The project developer and BIPV maker wants creditors to agree to postpone settlement of their debts for three years and will offer a financial incentive – provided a proposed Chinese state-backed bailout is voted through by its shareholders.
Comtec forced into shares consolidation
A falling share price has put the Chinese developer at risk of breaching requirements to maintain its Hong Kong listing. Shareholders are set to vote on consolidating their stock next month.
Panda Green generates small change in battle to pay down debt
The Hong Kong listed developer is set to bank just south of $1.75 million from a Chinese state-backed partial stake sale in two PV projects, but will have to cut an awful lot more deals of that scale to keep creditors at bay.
Singyes shareholders left in the dark
Stockholders in the Guangdong-based business – one the highest profile victims of Beijing’s 5/31 policy about-turn to date – were yesterday due to learn when a crucial vote on a state-sponsored Chinese bail-out of the company will take place. Publication has now been postponed until August.
GCL Poly realizes swift $166m profit in Xuzhou to pay down debt
The polysilicon giant’s Jiangsu Zhongneng unit invested $196 million into a $487 million fund alongside public partners to promote clean energy manufacturing in the Chinese city. A stake sale in the Xinjiang GCL subsidiary, if approved by shareholders, will more than recoup the group’s outlay.
China Power prepares to delist clean energy project company from public exchange
The state-owned power conglomerate is ready to spend more than $370 million on taking its project business out of the public eye.
GCL-Poly completes shares placement to help pay down debts
Company stock diluted more than 8% to generate gross proceeds of $87 million as the company continues its policy of expansion at a breakneck rate.
Xinyi revises plans for shares placement
The glass maker is set to issue fewer shares – at a higher value – in its solar glass subsidiary as it aims to generate funds for two new PV glass production lines in China.
