Huaneng Renewables in $800m Hong Kong IPO
Huaneng Renewables has raised HKD6.23 billion ($800 million) through its second attempt at an IPO in Hong Kong, supported by cornerstone investors including China Investment Corporation, Temasek Holdings and Standard Chartered Private Equity (SCPE).
Huaneng Renewables, the wind power unit of China Huaneng Group, China's largest power producer, shelved listing plans in December 2010 after rival Datang Renewable also entered the market and offered shares...
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