Xinyi Glass Plans To List Solar Glass Business In HK To Raise Around US$600 Mln – Sources

HONG KONG (Dow Jones)--Xinyi Glass Holding Ltd. (0868.HK) plans to list shares in its solar glass business in Hong Kong in the third quarter to raise around US$600 million, people familiar with the situation said Wednesday.

J.P. Morgan Chase & Co. and Citigroup are handling the deal, the people said.

Xinyi Glass said in a statement Feb. 28 it is considering a separate listing of the solar glass business on the main board of the Hong Kong stock exchange.