China Gogreen to Raise Up to Hk$1.09 Billion in Rights Offer

China Gogreen Assets Investment Ltd. (397) said it plans to raise as much as HK$1.09 billion in a rights offer, and will use up to HK$916 million to expand production capacity of a-Si Thin-Film Solar PV.

The company plans to consolidate every two shares into one share, and then offer stockholders nine new shares at 15 Hong Kong cents each for every consolidated share they own, according to Cogreen’s Hong Kong stock exchange filing today.

Kingston Securities Ltd. is underwriting the offer, the company said.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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