China's Solargiga to open flat in Hong Kong debut

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HONG KONG, March 31 (Reuters) - Shares in Chinese solar wafer maker Solargiga Energy Holdings Ltd (0757.HK: Quote, Profile, Research, Stock Buzz) were set to open flat in their Hong Kong trading debut on Monday after the company raised about $127 million in an IPO that was delayed and downsized amid weak markets.

The company's shares traded aT HK$2.92 in pre-open activity, compared with an initial public offering price of HK$2.92 each.

Solargiga cut the number of shares in its IPO, as well as the price range, after earlier seeking to raise as much as $292 million.

Several companies have scrapped or delayed Hong Kong IPOs this year after failing to generate sufficient investor demand.

BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) handled the Solargiga deal. (US$=HK$7.8) (Reporting by Tony Munroe; Editing by Anne Marie Roantree)