Fosun invests in Hong Kong-listed Goldpoly New Energy
Fosun Group has invested in Goldpoly New Energy Holdings, a Hong Kong-listed Chinese solar power station operator, by subscribing to a $50 million convertible bonds offering. China Orient Asset Management and US-based asset management firm York Capital were also among investors.
The convertible securities are priced at HK$1.6 apiece, maturing in 2016 with an annual cash coupon of 5%. Completing full conversion, the bonds will be convertible into approximately 242 million shares,...
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