The Chinese company, which makes wafers that are used to produce solar cells, sold 10 million ADS at a price of $13 apiece for a total deal size of $130 million. Credit Suisse and Deutsche Bank were the joint bookrunners. The price translated into a 9.8% discount to MondayÆs closing price in London of ú14.41, after taking into account the exchange rate and the fact that each ADS accounts for two ordinary shares. The company had indicated that the price would...
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