General Electric Co. plans to buy $15 million of shares in the initial public offering of Huaneng Renewables Corp., the wind unit of China’s biggest power producer, two people with knowledge of the matter said.
A Standard Chartered Plc unit and CSR Corp., China’s largest listed trainmaker, plan to invest $50 million each in the offering, said the people, who declined to be identified before an announcement. The three companies are among key investors who have committed to buying about $300 million of the IPO stock in total, they said.
