A listing in Mumbai could happen as soon as end of this year REIT listings are picking up in India after change in rules Brookfield Asset Management Inc. has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar […]
Solis to Raise $100M and Double Production Capacity
String inverter leader builds new factory to meet global demand for solar Zhejiang, China: Ginlong Technologies (Stock Code: 300763.SZ), a global leader in photovoltaic string inverter manufacturing, announced plans to raise over $100M USD (» 700M Chinese Yuan), through a non-public offering to finance the expansion of its manufacturing capacity. Facing a rise in the global […]
Sineng Electric has been listed in Shenzhen Stock Exchange (SZSE)
Sineng Electric has been listed as a public company on the Shenzhen Stock Exchange (SZSE) on April 10,2020. Being the leading manufacturer in the industry for successive years, it was evidently the perfect time to rank with business moguls and raise the company’s profile. In initial public offering (IPO), Sineng floated 18.3336 million shares at […]
China Three Gorges Plans $3.5 Billion IPO of Renewables Unit
State-owned China Three Gorges Renewables Group Co. is seeking to raise 25 billion yuan ($3.5 billion) in what could be one of the country’s biggest initial public offerings this year. The company plans to sell as many as 8.57 billion shares in Shanghai, according to a prospectus posted on the website of the China Securities […]
India Inc takes InvIT, REIT route to raise funds in sinking market
Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT At a time when stock markets are in a tizzy around the world, the Indian corporates are actively raising capital through infrastructure investment trusts (InvITs) […]
SP arm concealed ‘material info’ in IPO papers: Kenneth Andrade
Kenneth Andrade’s Old Bridge Capital Management has written to Securities and Exchange Board of India accusing Shapoorji Pallonji (SP) group of suppressing ‘material information’ in the initial public offering (IPO) prospectus of its subsidiary Sterling & Wilson Solar. The portfolio manager, an investor in the company, also alleged Sterling and Wilson’s board misused its powers […]
Chinese EV maker Lixiang files for U.S. IPO of at least $500 mln
Lixiang, also known as CHJ Automotive, founded by entrepreneur Li Xiang, confidentially filed in December for the IPO, which will take place as early as the first half of 2020, said the people HONG KONG/BEIJING: Chinese electric vehicle maker Lixiang Automotive has filed for a U.S. initial public offering, aiming to raise at least $500 […]
Icra downgrades Shapoorji Pallonji rating, assigns negative outlook
ICRA has also taken note of the recent developments in SWSL. Mumbai: IcraNSE 0.63 % has downgraded the long-term rating of Shapoorji Pallonji and Company (SPCPL) to ‘A+’, from ‘AA-’, and short-term ratings to ‘A1’ from ‘A1+’, citing slower-than-anticipated progress achieved by the company in terms of its deleveraging plans through equity infusion and asset […]
Evaluating Saudi Aramco’s Green Investments Ahead of Its IPO
Saudi Aramco is a big backer of renewables (as long as the investments help it extract more oil). Investors in Saudi Aramco’s upcoming IPO could be purchasing a stranded asset if the oil behemoth sticks to its guns on fossil fuels. Despite Saudi Arabia’s big plans for solar and Aramco’s own impressive spend on renewables, […]
SEBI Watch: Make Sterling and Wilson promoters keep IPO promise
It is said that an unkept promise is as good as a well-disguised lie. When Sterling and Wilson Solar made a public offering of its shares, the prospectus said the company’s promoters will repay the 26 bln rupees they had borrowed from the company from the sale of their shares. This amount was an inter-corporate loan […]