Hong Kong: Asia s largest wind power firm gets hkex approval for HK IPO.Byline: prashant03 China Longyuan Power Group Corp, the largest wind project developer in Asia, on Thursday obtained approval from the Listing Committee of the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. to launch an initial public offering on the bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. , sources reported.
The wind power company is expected to raise up to US$1.9 billion via the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , more than the previous estimate of US$1 billion, said the sources. Longyuan Power will start premarketing for the listing this week and will launch a road show for the IPO on Nov. 23. The share sale will be at the end of this month or in early December. The company will make a Hong Kong market debut next month. Morgan Stanley will be sponsor for the deal. Longyuan Power, set up in January 1993 and based in Beijing, is a wholly-owned subsidiary of the state-owned China Guodian Corp and is responsible for Guodian's renewable energy assets. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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