Debt-laden Panda Green sells 82.5 MW UK portfolio
The heavily-indebted solar developer has sold off six solar projects to a U.K.-Irish renewables investment fund for £34 million, ensuring it will be able to settle the most immediate of its reported $3.1 billion commitments.
Shareholders vote through Panda Green debt repayment plan
Stockholders agree to hefty dilution of their shareholding in order to raise funds to pay looming HK$1 billion debt, with state-owned entities including a designated buyout fund due to control up to a third of the new business.
Shareholder vote on Panda Green debt repayment plan delayed
The indebted Chinese developer has put back plans to set a date for its huge shares issue scheme by three weeks. The company needs to raise HK$1 billion that is due for repayment by May but needs stock holders to agree to significantly dilute their stakes.
Panda Green – shareholder’s daughter appointed non-exec director
Economics graduate Xie Yi is the daughter of shareholder He Bing, whose BVI-registered Asia Pacific Energy and Infrastructure Investment Group Ltd are preparing to acquire a 6.49% stake in the enlarged business, on top of He’s existing holding.
