China Huaneng Group

Huaneng Renewables looking for more than $1.3 Billion in Hong Kong Share vending

Huaneng Renewables looking for more than $1.3 Billion in Hong Kong Share vending

The nation’s leading electricity producer, China Huaneng Group Corp., targets to lift to the extent that $1.3 billion in the early share vending of its renewable energy wing in Hong Kong to augment output competence and convene need.

According to terms sent to investors Huaneng Renewables Corp. is contributing 2.5 billion shares for HK$2.98 to HK$3.98 respectively. As per the term sheet the stock owes to move on for sale in Hong Kong on Dec.