Government of Singapore Investment Corporation (GIC) is seeking to acquire around $30 million worth of shares of Nobao Renewable Energy Holdings, The Wall Street Journal reports. The Chinese renewable-energy company is seeking to raise around $300 million in its initial public offering.
Nobao is seeking to use the proceeds from the offering to finance its operations and for other general corporate purposes. The company has applied to list the shares on the New York Stock Exchange.
Click here for the story from The Wall street Journal.
