Hong Kong

Singyes finally publishes details of last year’s annus horribilis

The collapse in business for the solar EPC provider after last year’s 5/31 policy announcement by Beijing has left the company’s future depending on the progress of a Chinese state bail-out. Provided that is, the business does not end up being wound up by Deutsche Bank first.

China Power’s Hong Kong business on track for return to China

The High Court has approved plans for the Chinese state-owned power company to reassume control of its Hong Kong-listed solar project development business.

Ganfeng Lithium’s Hong Kong-based shareholders rebel

Holders of almost two-thirds of the miner’s Hong Kong listed stock voted down a proposal to issue new non-Chinese shares that would dilute their investment by around a quarter. The board had proposed the move to raise funds for further lithium extraction overseas.

Deutsche Bank attempts to wind up Singyes Solar

The German lender has issued a winding up petition over a $6.27 million debt and could scupper the manufacturer’s plans to restructure its defaulted payments and be taken over by a Chinese state-backed entity.

Debt-saddled Panda Green and Singyes wait on Chinese state-backed bailouts

With Singyes having already announced a plan to receive a cash injection and restructure its debt, fellow Hong Kong listed solar developer Panda Green today announced plans for a Beijing coal power company to ride to its rescue.

China Solar’s latest attempt to relist put off until November

The scandal-hit Hong Kong-based solar manufacturer has had trading in its shares suspended for six years but white knight investor Cheung Shun Lee is hoping to get it back into operation.

China Power clean energy unit to de-list from Hong Kong exchange

The business will come under the control of its Chinese state-owned parent power company after a shareholder vote agreed the move earlier this month.

Embattled Singyes Solar outlines debt restructuring plan

The project developer and BIPV maker wants creditors to agree to postpone settlement of their debts for three years and will offer a financial incentive – provided a proposed Chinese state-backed bailout is voted through by its shareholders.

Comtec forced into shares consolidation

A falling share price has put the Chinese developer at risk of breaching requirements to maintain its Hong Kong listing. Shareholders are set to vote on consolidating their stock next month.

Panda Green generates small change in battle to pay down debt

The Hong Kong listed developer is set to bank just south of $1.75 million from a Chinese state-backed partial stake sale in two PV projects, but will have to cut an awful lot more deals of that scale to keep creditors at bay.

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