Xinyi

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 Clean-Energy Companies to List in Hong Kong Yvonne Lee 2011

Xinyi Solar last week started pre marketing its roughly $150 million offering, according to a term sheet seen by Dow Jones Newswires.

Xinyi Glass Postpones Offering Prudence Ho 2011

"Due to the recent volatility in the global capital markets and the prolonged adverse impact of the sovereign debt crisis among certain European countries on the global solar-energy industry, the future developments of the global solar energy industry remain uncertain," Xinyi Glass said in a statement to the Hong Kong Stock Exchange.

Xinyi Glass Postpones Offering Prudence Ho 2011

Xinyi Glass sells solar glass used to cover the top of solar panels, which convert sunlight into electrical energy.

Chinese Clean-Energy Companies to List in Hong Kong Yvonne Lee 2011

Meanwhile, Chinese integrated flat-glass maker Xinyi Glass plans to list shares in its solar-glass business in Hong Kong in the third quarter and will seek about US$600 million from an IPO, people familiar with the situation said Wednesday.

Chinese Clean-Energy Companies to List in Hong Kong Yvonne Lee 2011

Xinyi Solar Holdings Ltd. is the latest IPO plan to be derailed by persistent market volatility after Chinese iron-ore producer Zhong Da Mining Ltd. delayed its US$300 million offering in late October.

Xinyi Glass Postpones Offering Prudence Ho 2011

Xinyi Glass revealed its intention to spin off the solar-glass business in February.

Xinyi Glass Postpones Offering Prudence Ho 2011

HONG KONG— Xinyi Glass Holdings Ltd. is postponing the Hong Kong listing of its solar-glass unit as a result of volatile capital markets and the impact of the European sovereign debt crisis, the firm said Wednesday.

Xinyi Glass Postpones Offering Prudence Ho 2011

J.P. Morgan Chase & Co. and Citigroup Inc. are handling the solar-glass unit listing of Xinyi Glass, other people said.

Chinese Clean-Energy Companies to List in Hong Kong Yvonne Lee 2011

Other nightclub options like Primo and Room 18 are farther east in the Xinyi district.

After Hours: Taipei 2010