HONG KONG: Institutional investors have so far bid for two to three times the US$330mil in shares being sold by China Power International Development, a unit of the mainland's largest power generation group China Power Investment Corp (CPI Group), the Standard said quoting sources.
China Power is offering 990 million shares, or 33% of its enlarged share capital, at between HK$2.10 and HK$2.60 each.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!