Chinese solar power equipment manufacturer Trina Solar early on Wednesday morning Hong Kong time completed a follow-on equity offering, raising a total of $129.4 million. The deal came as the company made a series of significant announcements relating to its second-quarter earnings and a third-quarter forecast.
And US-listed Trina was not the only company tapping into the current positive sentiment among investors yesterday. Last night, Hong Kong-listed Techtronic Industries also raised $78.1 million via a top-up placement.
The base deal size of the Trina placement consisted of 4 million American depositary shares ADS, each representing 100 ordinary shares in the company. The price was fixed at $28.75 per ADS, which represented a...
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