Home Nuclear Power News National News

The National China News section contains the latest articles focused in all provinces in China. The first article is the very latest in this section.

To further refine results, select an appropriate category from the left menu.

2014-07-22 China General Nuclear appoints sponsors for $2bn IPO

 PDF  Print Email

Tuesday, 22 July 2014 15:06

China General Nuclear Power Group (CGN) plans to appoint ABCI Securities Co., Bank of America Corp. and China International Capital Corp. as joint sponsors for an initial public offering in Hong Kong, Bloomberg has reported.

CGN, the country’s biggest producer of nuclear energy, plans to file an application to the Hong Kong Stock Exchange in the next few months, and may seek about $2 billion from the offering. Formerly known as China Guangdong Nuclear Power Group, CGN is said to be raising money to expand as the Chinese government limits coal use in favor of cleaner energy. China plans to add 8.6 GW of nuclear power capacity this year, according to the country’s National Energy Administration.


More Articles...

1509, Zhongyu Plaza, A6 Gongti North Road,Chaoyang District, Beijing China | tel: +86 10 64681222
Dynabond Powertech © 2013. All rights reserved | Disclaimer | Privacy Statement | Sitemap | Web Design Beijing by Crystal Asia.