Tag: solar power

The market will be watching the larger offerings from Excellence and Evergrande, which are seeking to raise up to $1 billion and $834 million respectively. The placement gives investors the first opportunity to invest in the company since its transformational acquisition in June. Both deals are upsized, suggesting investors are still hungry for new shares. Upon completion of the deal, GCL-Poly's chairman will become the company's majority shareholder. Six months after the roadshow, the Taiwanese solar cell manufacturer finally raises some equity capital, but the sharp drop in its share price and a 19% discount means it has ... Renhe kicks off its $540 million IPO and immediately runs into a tough challenge as US lawmakers reject the $700 billion bailout package. Gintech postpones its $150 million GDR ... GCL Silicon is aiming to raise at least $750 million to fund an aggressive capacity ramp-up over the next few years. The small-cap solar cell manufacturer attracts decent demand during the two-day marketing period, but fortunes are reversed as its share price tumbles almost 20% after pricing. The US-listed solar power play is aiming to raise about $170 million. Meanwhile, UOB tries to sell a $38.6 million stake in WuXi PharmaTech at a fixed-price. A concurrent equity offering that was aimed solely at creating synthetic borrow was priced at a 2.95% discount to the market price. Technological improvements and cost reductions mean a bright future for polysilicon. The bonds are priced with a 36% conversion premium after the stock has fallen 66% since late December. The deal, which will be open for only two days, is offered at a fixed price allowing the solar power company to raise $127 million. The London-listed solar power company prices its US share sale at a 9.8% discount, while E-house kicks off marketing for a follow-on placement of about $150 million. The manufacturer of solar cells opts for an unusual deal structure that ensures there is enough stock borrow available to hedge the CB. Maoye Department Store aims to raise $905 million as pre-marketing feedback prompts a higher-than-expected valuation, while Solargiga targets $292 million. E-Ton Solar Tech acquires Adema Technologies for $154 million to secure a supply of high-quality raw materials. The share price slips on debut as jittery sector sentiment persists, but the integrated player's long-term prospects are seen as attractive. The aggressive terms on Moser Baer's transaction are mitigated by reasonable conversion premiums. The company's move into new businesses also helps to attract investors. The Chinese integrated solar power player seeks to raise up to $377 million on the NYSE from the sale of around 23% of the company.