wind power

The company says it intends to sell up to 35% of its existing share capital in the form of new H-shares following a drop in first-half profit.

Choice of targeted club deal reflects jittery market environment, and bankers say they expect more such deals as sellers seek alternative ways to achieve better pricing.

The automotive engine manufacturer raises $90 million from its Hong Kong offering, while an upsized block trade in China Longyuan raises $135 million.

The placement follows the sale of a hybrid bond two weeks ago which reduced the need for a much larger share sale, but the deal is still upsized on the back of strong demand.

Retail investors surprise by taking up 94% of the Huadian Fuxin allocation, but the greenshoe is cut to 12.2% in a reflection of the overall demand for the renewable energy company.

Bankers start pre-marketing for Yitai Coal and renewable energy company Huadian Fuxin, but Yongda is forced to cancel its $306 million IPO as markets falter.

China's largest wind power producer says the placement of new H-shares may account for up to 18.2% of its overall share capital and, based on current market prices, it could raise as much as $900 million.

The Chinese wind power equipment maker delays pricing until next week, while Chow Tai Fook Jewellery and New China Life drop on their first day of trading.

The principal investing division of Goldman Sachs strikes a deal to invest $200 million in Sumant Sinha's company ReNew Wind Power.