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SOLARGIGA TO RAISE HKD987MN FROM RESUMED HK IPO

AsiaInfo Services, March, 2008

AsiaInfo Services 03-17-2008 Solargiga to Raise HKD987mn from Resumed HK IPO HONG KONG, Mar 17, 2008 (SinoCast via COMTEX) -- Jinzhou-based Solargiga Energy Holdings Ltd. plans to raise around HKD 987 million in a resumed initial public offering on the Stock Exchange of Hong Kong, said market sources. The company plans to sell 253.6 million new shares and 84.53 million existing shares at HKD 2.92 per share both. Solargiga previously planned to go public in Hong Kong in January 2008.

It intended to raise HKD 1.931-2.27 billion by selling 422.7 million shares at an indicated price ...

 

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