Himin Solar Energy Group Plans A-shares Listing

   Date:2008/04/01     Source:

Shandong-based solar water heater and vacuum tube manufacturer Himin Solar Energy plans to list on China's A-share's market at the end of 2008, reports Beijing Morning Post quoting the company president Huang Ming. Himin has a ten percent market share of the global solar water heater market, said the report. Goldman Sachs Group and CDH Investments have signed a preliminary agreement to invest a total of about $100 million in Himin Solar Energy Group to facilitate the listing process, said the report.

Shares of China Pacific Insurance (Group) Co., Ltd (CPIC) (stock code: 601601) fell 5.44 percent to close at RMB 26.07 on Monday, the lowest price since its initial public offering (IPO) at RMB 30 per share in December 2007.

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