Huadian to list new energy business on HK bourse
China Huadian Corporation plans to list its new energy business on the Hong Kong Stock Exchange. This follows after the public listing of China Datang Corporation Renewable Power.
CHD intends to inject its hydroelectric, wind and photovoltaic power generation assets into one company which is expected to raise as much as US$1.5 billion in the Hong Kong bourse.
CHD has diversified new energy businesses including marsh gas biomass power generation in Hubei, hydroelectric power in Fujian, and natural gas in Guangzhou.
If the public listing is successful, it would become the sixth publicly traded company owned by CHD.