Xinyi Energy keeps power on for its $564m IPO

Solar panel green 230x150
By Gina Lee
17 May 2019

Chinese solar farm group Xinyi Energy Holdings has faced minimal impact from the ongoing US-China trade war as it nears the end of bookbuilding for a HK$4.4bn ($564m) IPO on the Hong Kong Stock Exchange.

Interest in the IPO has mostly come from Chinese insurance companies, high net worth individuals, long-only investors, family offices and hedge funds, according to a source close to the deal.

The issuer also secured two cornerstone investors, Park Hotel Group chairman Law Kar Po and Chinese billionaire Ma Jianrong, ...

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