TPG to invest $150m in solar energy firm
TPG Capital may invest up to HK$1.2 billion ($150 million) for an approximate 21% stake in solar wafer manufacturer Comtec Solar Systems Group, marking the PE firm’s first foray into China’s solar-energy segment.
TPG has agreed to first buy HK$780 million ($100 million) of newly issued convertible bonds in the company, with the option to buy convertible warrants for HK$390 million ($50 million). If these options...
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