The company, which is part-owned by Chinese polysilicon giant GCL-Poly has stated its intent to become "one of the world’s leading PV plant operators".

In August Goldpoly signed a deal with a group of Chinese developers to buy 400MW of completed PV projects over the coming months.

The convertible bonds will be equal to roughly 7.48% of Goldpoly’s existing issued share capital, with a conversion price of HK$1.60