Xinyi Glass Plans to Spin Off Solar-Glass Unit in Hong Kong

Xinyi Glass Holdings Ltd. (868), a Chinese maker of glass products for cars and home appliances, said it revived a plan to spin off its solar-glass business and list the unit in Hong Kong.

Xinyi Glass will distribute 70 percent of its holdings in Xinyi Solar Holdings Ltd. to shareholders, and retain the remaining stake, it said in a statement to the Hong Kong stock exchange today.The spinoff plan takes place amid a trade dispute between the U.S. and China over solar equipment, with both countries imposing duties on imports.In 2011, Xinyi postponed a plan to sell shares of its solar-glass business as global equity markets plunged because of the debt crisis in Europe.

Read more here.

600450 Xinyi Glass Plans to Spin Off Solar-Glass Unit in Hong Kong

See more news about:

Others also read

The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
Jim Rawson, chairman of Epwin Group was awarded the Derek Bonnard Award for Excellence at the G13 Awards, held at the prestigious Park Lane Hilton, London on November 29th.
We would like to express our sincere thanks to GlassOnWeb visitors, friends, members and supporters.Thank you all so much for being a part of it!Warmest thoughts and the best wishes for Merry Christmas and a New Year filled with peace, love, joy and lasting happiness.
Coverings ETC’s Bio-Glass in “Topaz Blue” designed by Ofer Mizrahi was bestowed the Interior Innovation Award-Winner 2013, the prestigious international design award of the German Design Council.

Add new comment