Shin Kong Wedbsuh Invests in AES Corporation

Nov. 13, 2009 - PRLog -- Shin Kong Wedbush today made an investment through a wholly-owned subsidiary in the amount of USD 1.58 billion in AES Corporation (“AES”). At close, Shin Kong Wedbush will acquire 125.5 million shares of AES stock for USD 12.6 per share, representing approximately 15% equity interest in the company. According to the investment agreement, Shin Kong Wedbush will nominate one director to the AES board.
Shin Kong Wedbush has also signed a letter of intent with AES to invest an additional USD 571 million for an approximate 35% interest in the wind generation business of AES.

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As one of the world’s fastest growing offshore investment advisory firms, Shin Kong Wedbush seeks to create a positive economic impact as well as long-term value for our institutional investors as well as individuals.