Longyuan raises $375 million from long-awaited share sale

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.
<div style="text-align: left;"> One of China Longyuan's wind farms, in Fujian province </div>
<div style="text-align: left;"> One of China Longyuan's wind farms, in Fujian province </div>
December 14, 2012

China Longyuan Power, China’s biggest producer of wind power, last night finally launched its long-awaited sale of new shares which has hung over the stock ever since it first announced the plans in May.

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