Huaneng Renewables to Raise $204 Million From Share Placement
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Huaneng Renewables Corp., a Chinese wind-farm operator, plans to raise HK$1.58 billion ($204 million) from a share sale.
The company will issue about 582.3 million shares at HK$2.71 apiece, according to a Hong Kong stock exchange filing. Net proceeds, excluding fees, will be HK$1.55 billion.