[ET Net News Agency, 10 December 2018] Non-state owned solar farm owner and operator
Xinyi Energy Holdings Limited (03868) said it intends to offer a total of 1,880 million
shares by way of the global offering, of which 90% will be for international offering
(subject to over-allocation option and the re-allocation) and the remaining 10% will be
for the Hong Kong public offering.
The indicative offer price range is between HK$1.89 and HK$2.42 per share. Assuming an
offer price of HK$2.155 (being the mid-point of the indicative range price) and that the
over-allotment option is not exercised, net proceeds from the global offering are
estimated to be HK$3,910 million.
The Hong Kong public offer started today and ends at noon on 13 December. The final
offer price and the allotment results will be announced on 20 December. Trading in the
shares is expected to begin on the main board of the stock exchange on 21 December.
BNP Paribas Securities (Asia) is the sole sponsor, sole global coordinator, joint
bookrunner and joint lead manager of the Global Offering. BOCI Asia, DBS Asia Capital and
The Hongkong and Shanghai Banking Corporation are joint bookrunners and joint lead
managers. (KL)