Gintech Corp. selling up to US$170 mil. in global shares


Bloomberg

TAIPEI, Taiwan — Gintech Energy Corp., Taiwan’s second-biggest solar-cell maker by market value, is selling US$160 million to US$170 million of stock that will trade in Europe, according to details from the bank managing the sale.

Taipei-based Gintech is offering 30 million global depositary shares, each one equivalent to one ordinary Taiwan- traded share, according to an e-mail sent to clients by UBS AG and obtained by Bloomberg News.

The Swiss bank acts as global coordinator and joint bookrunner of the sale.