* Trony to tie up with China Huadian to develop global market
* Preliminary IPO price range at HK$4-4.8 per share - source (Adds company statement)
HONG KONG, Sept 14 (Reuters) - Chinese thin-film solar module maker Trony Solar Holdings Co Ltd will kick off its Hong Kong initial public offering next week to raise up to $234 million, a source close to the deal said on Tuesday.
Shenzhen-based Trony, the country's largest thin-film solar module maker, planned to sell about 380 million shares at a preliminary price range between HK$4.00 and HK$4.80 each, the source quoted investors who were approached by the company as saying.
The price range would be finalised next week, and the deal would also include an over-allotment option of 10-15 percent of the IPO, a source told Reuters.
"The roadshow will start next Monday, the Hong Kong IPO from Sept. 24 to Sept. 29 and final pricing will be fixed on Sept. 30," the source said.
Trony said in statement on Tuesday that it had teamed up with China Huadian New Energy Development Co Ltd to develop the global solar PV market, which had compound growth of nearly 50 percent per year from 2005 to 2009, according to international solar research firm Solarbuzz.
China Huadian New Energy was formed by China Huadian group, parent of Hong Kong-listed Huadian Power International Corp Ltd, and its units in 2007 to invest in and develop the group's new energy businesses, including wind power, solar and other renewable energy projects.
Rival to Suntech Power Holdings Co Ltd and Trina Solar Ltd, Trony sought a New York Stock Exchange listing last December but cancelled it later because of poor market conditions.
JP Morgan is the global co-ordinator of the deal with CLSA and ICBC International as joint book runners.
China is among the world's largest suppliers of solar panels but uses little of what it produces domestically. With large projects having more than 12 Gigawatt (GW) of capacity in the pipeline, China could rapidly become a major market, according to the European Photovoltaic Industry Association (EPIA). (Reporting by Alison Leung; Editing by Chris Lewis)