Wednesday, February 20, 2008

Solargiga Postpones IPO To Avoid Market "Turmoil"

Jan 29, 2008

Solargiga Energy Holdings Limited has tabled its plans for a Hong Kong initial public offering (IPO) until "adverse market conditions" subside, according to the company's January 28 filing with the Hong Kong Exchange (HKEx). Net proceeds from the IPO were expected to exceed HK$1 billion by mid-range estimates.

The company originally planned to begin trading on the main board of the HKEx on Friday, February 1. Solargiga manufactures monocrystalline silicon ingots used for PV cell components of solar energy generating systems.

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