CWP to increase investment by $74.7M
PROJECT | CWP to increase investment by $74.7M
China WindPower raises US$74.7 million through share placement at the placing price of US$.1097 per share for 700 million shares.
The company will use the net proceeds for the acquisition and development of additional onshore and offshore wind farm resources; expediting wind farm investment and increase in wind power installed capacity; and enhancement of facilities and capabilities of EPC operation and maintenance services.
The proceeds will also be used to replenish cash resources and working capital.
CWP tapped ABN – AMRO to be the underwriter of the share offering.
