Sunny days ahead as Shunfeng seeks HK$6bn share placement

Solar products manufacturer Shunfeng Photovoltaic International plans to raise HK$6bn ($774m) by issuing 600m new shares, making it the company’s largest fundraising in the past year. Not only that, it was only in September that Shunfeng sold 400m shares at HK$2.8 each, but an impressive rally in its share price means the company is now pricing them at a minimum HK$10.