Standard Chartered Bank Deal to invest in Sangle Solar
December 30, 2009, Wednesday
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Print Edition
Print Edition
STANDARD Chartered Bank's private equity affiliate has closed a deal to invest US$22.3 million in Sangle Solar Energy Co Ltd, a Chinese maker of solar water heaters, the bank said.
The Shandong Provincial Academy of Sciences will remain a major shareholder in Sangle, headquartered in Shandong Province, the bank said.
The Shandong Provincial Academy of Sciences will remain a major shareholder in Sangle, headquartered in Shandong Province, the bank said.
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