LONDON (Thomson Financial) - Chinese solar wafer manufacturer ReneSola Ltd.
said it is to sell a further 9 million American Depositary Shares, each
representing two shares of the company, at $20.50 per ADS as part of its
follow-on IPO on the New York Stock Exchange.
The company first announced details of the IPO in January 2008, where it
placed a total of 10 million ADSs at $13.00 each.
In a statement Wednesday, it said 8.58 million ADSs in today's offering
represent new shares being issued by ReneSola.
At 8.26 a.m., on the London Stock Exchange, ReneSola shares were down 18
pence at 524.5 pence (approximately $10.23).
TFN.newsdesk@thomson.com
jag/nes
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