Others News
- Shenzhen Energy pans to buy power assets
Date: 20-Sep-2007 Sources: (Shenzhen Daily)
SHENZHEN Energy Investment Co., which lists yuan-denominated A shares on the Shenzhen Stock Exchange, has won approval to sell 1 billion A shares in a private placement for buying affiliates from its parent.
Shenzhen Energy will sell 800 million shares to its parent and another 200 million shares to Huaneng Power International Inc. The purchase involves power-generating assets in as many as seven affiliated companies owned by Shenzhen Energy's parent.
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