Tier-one PV manufacturer Hanwha Q CELLS has issued a prospectus for offering American depositary shares (ADS) totalling a maximum of US$500 million.
The company recently issued plans to undertake a reverse stock split of its ADS shares.
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Hanwha Q CELLS said in the prospectus that the funds from the stock offering would be used for general corporate purposes.
Plans to build a 1.5GW solar cell facility in South Korea were also recently announced. However, Hanwha Group is providing the capital for the major capacity expansion via a wholly owned subsidiary.