Chinese solar firm Shunfeng plans $775 million share sale

HONG KONG Mon May 26, 2014 9:30pm EDT

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HONG KONG (Reuters) - China's Shunfeng Photovoltaic International Ltd (1165.HK), a solar cell maker and solar power station operator, plans to issue HK$6 billion ($775 million) worth of new shares, seeking funds to build more solar power stations.

Shunfeng plans to sell up to 600 million new shares, representing 28.2 percent of its existing share capital, at up to HK$10 apiece, it said in a filing to the Hong Kong bourse.

The issue price represents a 8.9 percent discount to the stock's previous close.

(Reporting by Donny Kwok; Editing by Edwina Gibbs)

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Comments (6)
dcayman wrote:
Anyone who invests in Asia is just asking for their money to disappear….

May 26, 2014 10:36pm EDT  --  Report as abuse
dcayman wrote:
Anyone who invests in Asia is just asking for their money to disappear….

May 26, 2014 10:36pm EDT  --  Report as abuse
dcayman wrote:
Anyone who invests in Asia is just asking for their money to disappear….

May 26, 2014 10:36pm EDT  --  Report as abuse
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