China solar firm Shunda aims for $1 bln IPO in New York
By Helen Ding, Shangai, August 11, 2008
Source: Reuters.com
http://www.reuters.com/article/marketsNews/idUSSHA1399620080811
China’s Jiangsu Shunda Group, which makes silicon wafers used in solar power cells, aims to raise $1 billion from a share listing in New York during the first half of next year to fund rapid expansion, its president said on Monday. It plans to invest 1.2 billion yuan ($175 million) in a second polysilicon plant with annual production capacity of 3,500 tonnes, aiming to launch output in June 2009, Ni Yunda told Reuters in a telephone interview. (more…)