Solar company eyes IPO in 2014
By Xie Yu (chinadaily.com.cn) Updated: 2013-05-16 17:04Himin Solar, one of China's biggest solar water heater companies, said it will try to go public as soon as 2014, after a planned IPO failed in 2012 due to corruption allegations, in east China's Shandong province, National Business Daily reported on Thursday.
Himin Solar's chairman Huang Ming said the company will apply for an IPO as early as 2014. He also said the company will start to develop new solar products as well as solar thermal and energy saving technologies.
One of the new products, a portable solar cooker, will be on the market in August, and Huang expects global sales to reach one million units.
He said the company will discuss the plan with Goldman Sachs and China's CDH Ventures. Both companies invested nearly $100 million to Himin Solar in 2008.
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