BEIJING (AFX-ASIA) – State-owned electricity group China Power International is preparing an international listing to raise between US$500 million and US$1 billion, a move which would value the generator at up to US$4 billion, the Financial Times reported citing Hong Kong-based bankers. CPI will use the money to expand capacity and buy additional plants to…
CHINA: Power group CPI may raise up to 1 bln usd in overseas listing – FT
Posted on January 27, 2004 by EnergyAsia