BEIJING (XFN-ASIA) - China-based solar power equipment manufacturer Solargiga Energy Holdings is hoping to raise up to 300 million usd in an initial public offering in Hong Kong next month, the South China Morning Post reported, citing unnamed sources.
'Solargiga's offering is likely to tap the top end of between 200-300 mln usd, given the optimistic prospects for the global solar energy industry over the next two to five years. Investors are keen to take long positions on renewable energy stocks,' the Hong Kong newspaper cited a source as saying.
The company is likely to be the first pure solar energy player to list in Hong Kong.
Wednesday, August 22, 2007
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