BEIJING (AFX-ASIA) – Five of China’s main power firms are planning multi-billion dollar overseas listings to finance their huge capital expenditure requirements to expand generating capacity, the Shanghai Securities News reported, citing unnamed sources. Hong Kong-listed Huadian Power International Corp Ltd (HK 1071) is planning a New York listing to raise 40 billion yuan, while…
CHINA: Power firms plan multi-bln dollar overseas listings Ð report
Posted on March 3, 2004 by EnergyAsia