BEIJING, March 3 Himin Solar Energy Group,
China's top maker of solar water heaters, plans an initial public
offering of mainland-listed A shares next year, its president,
Huang Ming, said on Tuesday.
The company may also consider an overseas listing, Huang told
Reuters ahead of the start of the country's annual parliament
Huang had said in the spring of last year that the company
planned to list domestically in 2008 or 2009, although in
comments in December on the company's IPO plans he declined to
give a timetable.
He said on Tuesday that the company would invest more than 1
billion yuan ($146 million) this year and estimated that its
production capacity would double by the year-end.
The company also foresaw a more than 40 percent rise in sales
this year, compared with less than 30 percent growth last year,
Himin Solar announced in December that it had secured a
nearly $100 million investment from Goldman Sachs (GS.N) and
China's CDH Ventures.
(Reporting by David Lin; Writing by Edmund Klamann; Editing by