Key Takeaways:Drinda fell into the red in the first half of the year, hit by excess capacity in the sectorThe company wants to spend its IPO funds on ramping up overseas production and saleBy Fai Pui China has re-energized its stock markets with a series of stimulus measures, drawing a crowd of IPO candidates that are keen to plug into the action. One of the latest applicants for a Hong Kong listing is a leading Chinese maker of photovoltaic cells for solar power systems, which is looking to raise funds to expand its business in overseas markets. Already traded in Shenzhen as Hainan Drinda Aut…