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Xinyi Glass Suspends Plan For Solar Glass Spinoff

Post Time:Dec 14,2011Classify:Company NewsView:339

Excerpt from an article in Forbes: Hong Kong-listed Xinyi Glass Holdings, one of China’s largest makers of auto glass, said Wednesday it has suspended plans to spin off and list its solar glass business, the latest sign of difficulty facing the global solar industry.

 

Shares in U.S.-listed Chinese panel makers have tanked amid falling prices and a cloudy industry outlook. Suntech has lost two-thirds of its value and Trina Solar has plunged by about 70% in the past year.

Source: Solar Glazing MagazineAuthor: shangyi

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