Xinjiang Goldwind Science Technology, China's largest wind power generator, started investor education yesterday for a Hong Kong share sale that may allow it to raise around $1.3 billion.
The Urumqi-based company, which is already listed in Shenzhen, plans to sell 395.3 million new shares, or 15% of its enlarged share capital, according to sources. The target amount of $1.3 billion is not confirmed yet since the deal is still in a starting phase, but that's approximately what the company is looking for, a source said.
The key selling-points of the deal will be the new energy business which is attracting decent market response even in a volatile market. NVC Lighting's initial public...
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