Related News
CGN opens books for planned HK float
Print Edition
CGN Power Co, the Chinese mainland’s largest nuclear power producer, opened its retail books yesterday for a Hong Kong initial public offering.
CGN Power, a subsidiary of China General Nuclear Power Group, will sell 441 million shares in Hong Kong — 5 percent of its total global offering of 8.8 billion shares.
The IPO price was set at HK$2.78 (35.80 US cents) per share and will raise US$3.16 billion, the biggest IPO in Hong Kong this year.
CGN Power’s retail book building is scheduled to close next Tuesday, with the trading debut slated for December 10 on the main board of the Hong Kong stock exchange.
CGN Power generates 55 percent of the mainland’s nuclear energy. It currently operates 11 power stations, mainly in south China’s Guangdong Province.
Nearly 55 percent of the IPO proceeds will be used to acquire an additional 41 percent equity interest in Taishan Nuclear, controlled by CGN Power’s parent company China General Nuclear Power Group. Other proceeds will be used to finance construction of new generating units, research and development, and debt servicing.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
