Xinyi Solar, Venus Medtech succeed in HK sales

Installing solar panel rooftop from Adobe 9Jul20 575x375
By Jonathan Breen
03 Sep 2020

Solar glass manufacturer Xinyi Solar Holdings raised HK$2.7bn ($343.5m) on Wednesday, after boosting the size of a primary share sale.

The Chinese issuer tapped investors after markets closed in Hong Kong, following a peak in its stock price, which hit a year high of HK$10.54 in the morning.

Xinyi was at first looking to sell 210m new shares and enlisted Citi as a placing agent to run ...

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