CIC reduces holding in GCL-Poly to below 5%

The Chinese sovereign wealth fund raises $402 million from the sale of a 7.8% stake in the Hong Kong-listed solar power company.

Anette Jönsson

January 10, 2014

China Investment Corp (CIC) on Thursday raised HK$3.12 million ($402 million) from the sale of a 7.8% stake in Hong Kong-listed GCL-Poly Energy Holdings. It was the second sell-down by the Chinese sovereign wealth fund in the company in seven months and, like last time, the transaction came on the back of a spike in the share price.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.