Huaneng International Non-public offerings are eligible for adoption

Source: Internet
Author: User
Huaneng International (600011) notice that the company's application for Non-public offering of a shares has been approved by the China Securities Regulatory Commission on November 1, 2010. Huaneng International Bulletin, the company intends to include Huaneng group, including the issue of specific investors not exceeding 1.5 billion a-share, the plan to the Huaneng Group issued from 400 million shares to 500 million shares, A shares issued a reserve price of 5.57 yuan/share, and, if a a-share issue of 1.5 billion shares, will be issued to Huaneng Hong Kong company 500 million shares,  The IPO price is HK $4.73 per share. The targeted issue of a a-share proposed to raise the total amount of funds not exceeding 8.6 billion yuan, to invest in Gansu Dry estuary second wind farm and other 8 projects and repayment of financial institutions loans. The fund-raising for the directed issuance of H shares is planned to be used to increase the capital of the new power (private) Limited, a wholly-owned foreign subsidiary, for the development of overseas business.

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