Huaneng International Non-public offerings approved by SFC

NetEase Financial November 1, according to the Hong Kong exchange announced that Huaneng International Non-public offering a shares by the SFC approved. Huaneng International announced earlier that the company intends to issue a 1.2 billion-a-share and 400 million H-shares, respectively, not less than 7.13 yuan per share and HK $4.97.　　However, due to changes in the market environment, the original distribution plan was adjusted on July 26.　　After the adjustment, the number of a shares increased from the original 1.2 billion to 1.5 billion shares, the price of each share is not less than 5.57 yuan, at the same time, if a shares issued 1.5 billion shares, the number of H shares from the original 400 million to 500 million shares, the issue price adjusted to HK $4.73 per share. The shares are subject to 10 specific investors, including the holding shareholder Huaneng Group. In addition to Huaneng group, other specific investors are determined by way of bidding.　　Raise funds for the second wind farm in Gansu Dry Estuary 8 projects, and repayment of loans. H-Shares will be directed to Huaneng Group, a wholly-owned subsidiary of China Huaneng Group Hong Kong, to raise funds for the company's overseas wholly-owned subsidiary of the New Electric power (private) companies to increase capital to develop overseas business.