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ReneSola buys RMB 270 million 1% convertible bonds for RMB 186 million in second quarter
By Devika Patel
Knoxville, Tenn., May 19 - ReneSola Ltd. said it bought back RMB 270 million of its RMB 928.7 million 1% convertible bonds due March 26, 2012 for about RMB 186 million during the second quarter.
The company paid approximately 76% with cash and 24% with shares.
ReneSola, a Jiashan, China, manufacturer of solar wafers, said it may make additional repurchases.
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