China's CDH, Oriza back carve-out IPO of Canadian Solar's subsidiary

China's CDH, Oriza back carve-out IPO of Canadian Solar's subsidiary

Photo: Sungrow EMEA/Unsplash

Nasdaq-listed solar power firm Canadian Solar Inc. will raise 1.78 billion yuan ($260 million) for its Module and System Solutions (MSS) subsidiary, CSI Solar Co Ltd, so that it qualifies for a planned carve-out initial public offering (IPO) in China.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter