Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 28 October 2008]
Wafer Works, a Taiwan-based producer of semiconductor-grade and solar-grade silicon wafers, on October 27 announced it has signed an 8-year contract with an international silicon material supplier for the period from January 2010 to December 2017.
The supply contract is primarily to meet demand for silicon material by Solargiga Energy, Wafer Works' subsidiary and a maker of solar-grade mono- and poly-crystalline silicon ingots/wafers in China, according to industry sources in Taiwan.
Solargiga is expanding its factory on a 4-hectare site located in Liaoning Province, northeastern China, with annual production capacity of monocrystalline silicon ingots/wafers to increase from an equivalent of 200MWp (megawatt-peak) currently to that of 400MWp in 2009, the sources pointed out. In addition, Solargiga will expand its annual production capacity of polycrystalline silicon ingots/wafers from an equivalent of less than 20MWp presently to that of 200MWp in 2009, the sources indicated.
Solargiga's total annual production capacity of crystalline silicon ingots/wafers in 2009 will reach an equivalent of 600MWp, with supply contracts and the spot market to each account for 50% of the needed silicon material, the sources noted.
Showing posts with label Solargiga Energy. Show all posts
Showing posts with label Solargiga Energy. Show all posts
Tuesday, October 28, 2008
Tuesday, April 1, 2008
Solargiga Energy ends flat in HK debut
Apr. 1, 2008 (China Knowledge) - Shares in Solargiga Energy Holdings Ltd<757>, China's second-largest solar wafer maker in terms of output and sale volume, ended its Hong Kong debut almost flat on Monday.
The company raised about US$127 million in the IPO that was delayed and downsized due to weak markets. The proceeds will be used for business expansion.
Its shares finished at HK$2.93 after rising as much as 6.85% at a point, slightly higher than its IPO price of HK$2.92. Only 82.6% of Solargiga's retail tranche was subscribed.
Many companies have quitted or shelved Hong Kong IPOs as investors remained cautious amid unpleasing market situation.
The company raised about US$127 million in the IPO that was delayed and downsized due to weak markets. The proceeds will be used for business expansion.
Its shares finished at HK$2.93 after rising as much as 6.85% at a point, slightly higher than its IPO price of HK$2.92. Only 82.6% of Solargiga's retail tranche was subscribed.
Many companies have quitted or shelved Hong Kong IPOs as investors remained cautious amid unpleasing market situation.
Tuesday, March 11, 2008
Solargiga aims to raise $127 mln in scaled-back IPO
HONG KONG, March 11 (Reuters) - Chinese solar wafer maker Solargiga Energy Holdings Ltd, which scrapped a planned Hong Kong IPO in January, has relaunched a smaller, cheaper share sale to raise $127 million, according to a term sheet.
The move comes a day after Shanghai-listed China Pacific Insurance delayed plans to raise about $4 billion in a Hong Kong share sale due to poor investor sentiment, joining roughly 65 companies globally this year to withdraw or postpone IPOs worth nearly $23 billion, according to Thomson Financial.
Solargiga on Tuesday began selling about 338.13 million shares, or 20 percent of its enlarged share capital, at an indicative price of HK$2.92 each in a deal handled by BNP Paribas with a listing date set for March 31.
The company had earlier sought to raise as much as $292 million by selling 422.7 million shares at a range of HK$4.57-HK$5.38 each, and subsequently cut its target price range to HK$4.08-HK$4.88 before putting the deal on hold amid the global markets meltdown in January.
The move comes a day after Shanghai-listed China Pacific Insurance delayed plans to raise about $4 billion in a Hong Kong share sale due to poor investor sentiment, joining roughly 65 companies globally this year to withdraw or postpone IPOs worth nearly $23 billion, according to Thomson Financial.
Solargiga on Tuesday began selling about 338.13 million shares, or 20 percent of its enlarged share capital, at an indicative price of HK$2.92 each in a deal handled by BNP Paribas with a listing date set for March 31.
The company had earlier sought to raise as much as $292 million by selling 422.7 million shares at a range of HK$4.57-HK$5.38 each, and subsequently cut its target price range to HK$4.08-HK$4.88 before putting the deal on hold amid the global markets meltdown in January.
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.
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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