Trony Solar, a Chinese solar power company, is preparing for another attempt at an IPO, according to FinanceAsia.
Last December, the company cancelled a planned offering on the NYSE.
This time Trony solar aims to raise about $200 million on the Hong Kong exchange. FinanceAsia notes that most Chinese solar companies are listed in the U.S., and it remains to be seen whether the company can attract significant interest in Hong Kong, where the market is dominated by banking, property and conglomerates.
Trony makes amorphous-silicon (a-Si) thin-film solar panels, a technology that has struggled to compete in recent years. This summer Applied Materials (Nasdaq: AMAT) gave up on selling its SunFab production line for a-Si, leaving Oerlikon Solar as the largest player in the technology.
Read the FinanceAsia story at the link below.
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