Singyes shareholders left in the dark
Stockholders in the Guangdong-based business – one the highest profile victims of Beijing’s 5/31 policy about-turn to date – were yesterday due to learn when a crucial vote on a state-sponsored Chinese bail-out of the company will take place. Publication has now been postponed until August.
GCL Poly realizes swift $166m profit in Xuzhou to pay down debt
The polysilicon giant’s Jiangsu Zhongneng unit invested $196 million into a $487 million fund alongside public partners to promote clean energy manufacturing in the Chinese city. A stake sale in the Xinjiang GCL subsidiary, if approved by shareholders, will more than recoup the group’s outlay.
China Power prepares to delist clean energy project company from public exchange
The state-owned power conglomerate is ready to spend more than $370 million on taking its project business out of the public eye.
GCL-Poly completes shares placement to help pay down debts
Company stock diluted more than 8% to generate gross proceeds of $87 million as the company continues its policy of expansion at a breakneck rate.
Xinyi revises plans for shares placement
The glass maker is set to issue fewer shares – at a higher value – in its solar glass subsidiary as it aims to generate funds for two new PV glass production lines in China.
Enerray enters insolvency proceedings
Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business.
GCL-Poly dilutes stock to raise $87m to keep on top of debts
The polysilicon and wafer maker has been busy raising cash of late by indulging in a fire sale of project assets. With plans for ever larger production capacities to fund, it has now announced the issue of new shares amounting to more than 8% of the existing stock.
GCL wants to sell 977 MW solar portfolio to pay down debt
The Hong Kong listed polysilicon manufacturer is selling off solar assets to fund its thirst for production capacity expansion. The proposed sale would net the company almost $290 million to reduce its debt pile.
Xinyi Energy completes Hong Kong IPO to raise $465 million
The solar plant operations business – spun out of the solar glass manufacturer – reportedly finalized its initial public offering this week. Final confirmation of the proceeds is expected on Monday.
Hanergy Thin Film shareholders vote through share swap deal – just
The Chinese solar manufacturer is set to transfer independent shareholders’ stakes into a special purpose vehicle while one of its affiliate businesses seeks a listing on Beijing’s A-share index. Inevitably, though, the process has not been a smooth one.
