HONG KONG: Xinyi Glass could subscribe for up to HK$624 million of convertible securities from its unit Xinyi Solar.
The nation’s largest solar glass maker is also seeking at most HK$2 billion of syndicated loan to fund its solar farm projects, the firm said in a statement here the other day.
Xinyi Solar raised HK$1.14 billion through a placing of new shares in March. It raised another HK$809 million from a share placement in July.
The firm said it has completed the construction and on-grid connection of three solar farms in Anhui and Fujian, with a total installed capacity of 280 megawatt, since December.
Another farm with capacity of 580 MW is expected to be finished this year, it said.
