皇冠体育app

Datang Power seeks public offering
(Xinhua)
Updated: 2004-05-08 10:50

Datang International Power Generation Company, a Chinese power producer listed in Hong Kong, says it will apply to regulators to issue yuan-denominated A shares to pay for several power plants.

The company, formerly known as Beijing Datang Power Generation, says it plans to raise up to 6 billion yuan (US$720 million) by issuing up to 1 billion new A shares. The new shares would expand the publicly held portion of the company to more than 35 percent, up 7 percent.

The issue requires the approval of the 皇冠体育app Securities Regulatory Commission.

The Datang listing company is the overseas listing vehicle of 皇冠体育app Datang Corporation, one of five major state-owned power-generating companies in 皇冠体育app. It says the funds raised from the placement would help it complete 10 power plants.

Close