CGNPC plans Hong Kong IPO

China’s top nuclear power station builder targets US$4.12 billion.

State-run China Guangdong Nuclear Power Corporation plans to launch dual initial public offerings in Hong Kong and Shanghai next year. Analysts the IPO might signal that an unofficial freeze on IPOs in mainland China might be easing.

CGNPC plans to list part of its assets in Hong Kong and part in Shanghai but has not ironed out all the details.

CGNPC is the only nuclear power firm under the direct management of the State Council, or the cabinet. It had an operational installed nuclear power capacity of 7.21 million KW or 53% of China's total as of April.

Nuclear power capacity under construction stood at 17.8 KW in April or about a quarter of the world's total.