Huaneng Renewables Corp., the wind power unit of China Huaneng Group, plans to list shares on the Hong Kong stock exchange Dec. 16 following its initial public offering to raise around US$1.5 billion.
The company began pre-marketing the deal November 15 and plans to start roadshows for the offering November 29 before pricing it on December 8. Huaneng Renewables plans to sell 2.49 billion shares. The company plans to use the proceeds to expand its wind power business, repay bank loans and acquire wind power projects in China and overseas.
The company began pre-marketing the deal November 15 and plans to start roadshows for the offering November 29 before pricing it on December 8. Huaneng Renewables plans to sell 2.49 billion shares. The company plans to use the proceeds to expand its wind power business, repay bank loans and acquire wind power projects in China and overseas.
