Xinte Energy surged 14% in Hong Kong on its plan to issue A-shares in mainland China

 

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Xinte Energy, a Chinese solar energy and wind power solution provider, surged by more than 14% in Hong Kong to hit HK$15.96 at one point on its comeback plan to China’s A-share market.

The Listing Review Committee of the Shanghai Stock Exchange said that it’s scheduled to consider Xinte Energy’s application for an initial public offering at a meeting next Tuesday, September 19th.

The company intended to issue not more than 300 million A-share ordinary shares to raise no more than 8.8 billion yaun, which will be utilized for the construction of a green and low-carbon circular economy project with an annual production capacity of 200,000 tons of high-end electronic-grade polycrystalline silicon.