CIC nets $297m from GCL-Poly after solar stocks rise

By Rashmi Kumar
20 Jun 2013

Chengdong Investment Corp took advantage of positive news for Chinese solar stocks and two days of gains on the stock markets to sell down its stake in GCL-Poly Energy Holdings on June 17, raising HK$2.23bn ($297m).

The deal had been on the cards for a while but on Monday the stock rose over 7% after the Chinese government said over the weekend it would increases access to financing for solar panel companies. 

The Hang Seng also posted two straight trading session gains, encouraging sole ...

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