China Longyuan Power Seeking Up To US$2.5 Billion In Hong Kong IPO - Source
In the base deal, the wind-energy company is selling 2.1 million shares in a HK$6.26-HK$8.16 indicative price range to raise US$2.2 billion, the person said. Longyuan also has an option to raise the deal size by 15% to raise a total US$2.5 billion.
Longyuan is China's largest producer of electricity generated by wind power. It is the renewable-energy arm of China Guodian Corp., one of China's five biggest state-owned power generators by capacity.
Morgan Stanley (MS) and UBS AG (UBS) are handling the deal.
-By Amy Or, Dow Jones Newswires; 852-2832 2335; amy.or@dowjones.com
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Publié le 23 novembre 2009 Copyright © 2009 Dowjones
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