CIC to be core investor in wind power generator
By Kennix Chim |
November 25, 2009, Wednesday
|
Print Edition
Print Edition
CHINA Investment Corp, the country's sovereign wealth fund, has agreed to buy US$400 million worth of shares from China Longyuan Power Group's US$2.2 billion Hong Kong initial public offering, a source said yesterday.
CIC will become the fifth cornerstone investor in Longyuan, Asia's largest wind power generator and the world's No. 5, said the source. CIC declined to comment.
Longyuan has already landed four cornerstone investors for a combined US$330 million worth of shares, including United States billionaire investor Wilbur Ross, according to a preliminary IPO prospectus.
Ross plans to buy US$100 million worth of Longyuan's shares, it was reported on Monday. China Life Insurance Group, Value Partners Ltd and David Li Kwok-po, Bank of East Asia's chairman, plan to subscribe to US$180 million, US$30 million and US$20 million worth of shares, respectively.
Longyuan is selling 2.1 billion shares, or 30 percent of its enlarged share capital, at between HK$6.26 (81 US cents) and HK$8.16 per share.
CIC will become the fifth cornerstone investor in Longyuan, Asia's largest wind power generator and the world's No. 5, said the source. CIC declined to comment.
Longyuan has already landed four cornerstone investors for a combined US$330 million worth of shares, including United States billionaire investor Wilbur Ross, according to a preliminary IPO prospectus.
Ross plans to buy US$100 million worth of Longyuan's shares, it was reported on Monday. China Life Insurance Group, Value Partners Ltd and David Li Kwok-po, Bank of East Asia's chairman, plan to subscribe to US$180 million, US$30 million and US$20 million worth of shares, respectively.
Longyuan is selling 2.1 billion shares, or 30 percent of its enlarged share capital, at between HK$6.26 (81 US cents) and HK$8.16 per share.
- 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.
