Huaneng seeks HK$8.5b from share sale

PUBLISHED : Monday, 18 January, 2010, 12:00am
UPDATED : Friday, 28 October, 2016, 9:17am

Huaneng Power International plans to raise about HK$8.5 billion by selling 800 million new A and 400 million new H shares. The prices have been preliminarily fixed at a minimum of 7.13 yuan (HK$8.10) per A share and HK$4.97 per H share. The proceeds will be used mainly to fund wind power plants in Gansu and coal-fired plants in Jiangsu and Hunan.