12 December 2018

China General Nuclear eyes US$2 bln HK listing, paper says

China General Nuclear Power Group (CGN), formerly known as China Guangdong Nuclear Power Group, is expected to seek a Hong Kong listing in the second half to raise about US$2 billion, China Business News reported Wednesday, citing unnamed sources. The company has hired China International Capital Corp. and Deutsche Bank to arrange the listing, the paper said. Fueled by the news, CGN Mining Co. Ltd. (01164.HK), in which CGN holds a 16.5 percent stake, closed up 16.67 percent at 70 HK cents on Wednesday, the report said.

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