Ping An energy fund invests $160m in United Photovoltaics
Chinastone Capital Management, an energy-focused investment firm backed by Ping An Insurance, has acquired HK$1.26 billion ($160 million) worth of convertible bonds in solar plant operator United Photovoltaics Group.
According to a regulatory filing, Chinastone will subscribe to the bonds - which have a three-year tenor and a coupon of 7.5% - at a conversion price of HK$1.03 per share through its Taoshi energy Investment...
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