23 May 2019

Zheneng Electric to list in Shanghai after merger, paper says

Zhejiang Zheneng Electric Power Co. Ltd. is expected to list on the Shanghai stock exchange before the end of this year after a share swap deal with its unit Zhejiang Southeast Electric Power Co. Ltd. (900949.CN), the China Securities Journal reported Wednesday, citing a regulatory filing. The company in April announced a share swap transaction plan with Southeast Electric, under which each of Southeast Electric’s B share will be swapped for 0.886 of Zheneng Electric’s A share. After the merger, Southeast Electric will be delisted, the report said.

– Contact HKEJ at [email protected]




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