Huaneng Renewables Plans HK$2.28-HK$2.98 Price Range for Shares, SCMP Says
Huaneng Renewables Corp. plans to sell 2.48 billion shares in an Hong Kong initial public offering in the range of HK$2.28 and HK$2.98 each, the South China Morning Post said, citing an unidentified person familiar with the deal.
The wind power producer has commitments from 13 key investors for $335 million of shares, the Hong Kong-based English-language newspaper reported today. These include China Investment Corp., Temasek Holdings Pte., Angang Group, General Electric Co., State Grid Corp. and China Huadian Group, the Post reported.
To contact the editor responsible for this story: Joshua Fellman at firstname.lastname@example.org