The company, which makes automotive, float and construction glass, willdistribute 70% of its holdings in wholly owned subsidiary Xinyi Solar toshareholders, and keep the remaining stake.
It said the move will help XinyiSolar secure funding in the future, so it can “take advantage of the expectedgrowth potential of the global solar industry.”
In 2011, Hong Kong-based XinyiGlass shelved plans to list shares of Xinyi Solar due to the European debt crisis.
