Goldwind seeks about $1.3 billion in Hong Kong share sale

The Shenzhen-listed company is seeking to tap into investor interest for new energy businesses, an appetite that appears to remain strong even in the current volatile markets.

Xinjiang Goldwind Science Technology, China's largest wind power generator, started investor education yesterday for a Hong Kong share sale that may allow it to raise around $1.3 billion.

The Urumqi-based company, which is already listed in Shenzhen, plans to sell 395.3 million new shares, or 15% of its enlarged share capital, according to sources. The target amount of $1.3 billion is not confirmed yet since the deal is still in a starting phase, but that's approximately what the company is looking for, a source said.

The key selling-points of the deal will be the new energy business which is attracting decent market response even in a volatile market. NVC Lighting's initial public...

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