Chinese Clean-Energy Companies to List in Hong Kong
Two clean-energy businesses—Beijing Jingneng Clean Energy Co. and the solar-glass unit of Xinyi Glass Holding Ltd. —plan to raise a total of roughly US$1.1 billion from Hong Kong initial public offerings this year, highlighting the rapid growth of demand for renewable energy in China.
Chinese property developer Top Spring International Holdings Ltd. also plans to raise as much as US$260 million in initial public offering ahead of its listing in Hong Kong on March 23, according to a term sheet seen by Dow Jones Newswires on Wednesday.
The first Chinese clean-energy company aiming to list in Hong Kong since China Datang Corp. Renewable Power Co.’s US$682 million IPO in December, state-owned Beijing Jingneng plans to raise about US$500 million in an IPO in the second quarter, people familiar with the situation said Wednesday.
The Chinese are starting their own Clean Energy Firms to solve the massive pollution problems that exist in China. So many U.S. Clean Energy Firms had their eyes on that market!