trina-solar-and-techtronic-raise-a-combined-207-million

Trina Solar and Techtronic raise a combined $207 million

Both deals are upsized, suggesting investors are still hungry for new shares.

Chinese solar power equipment manufacturer Trina Solar early on Wednesday morning Hong Kong time completed a follow-on equity offering, raising a total of $129.4 million. The deal came as the company made a series of significant announcements relating to its second-quarter earnings and a third-quarter forecast.

And US-listed Trina was not the only company tapping into the current positive sentiment among investors yesterday. Last night, Hong Kong-listed Techtronic Industries also raised $78.1 million via a top-up placement.

The base deal size of the Trina placement consisted of 4 million American depositary shares ADS, each representing 100 ordinary shares in the company. The price was fixed at $28.75 per ADS, which represented a...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222