unced it had issued 5.05 billion shares and raised about 12.57 billion yu
an, posting a record for the year on the amount of financing from an IPO on C亚博体育ios版千花坊女神会所
hina’s A-share markets, and ranking among the top 30 in the amount raised in its history.
亚博体育ios版千花坊The new shares make up around one-tenth of the company’s total. It was issued thr
ough a combination of strategic placement and through issuances both offline and online.
The eight strategic investors in the company acquired about 50 pe亚博体育ios版千花坊女神会所
rcent of the new shares. They include central State-owned companies or their subs
亚博体育ios版千花坊idiaries, national-level investment funds or their subsidiaries, and Chinese Depositary Receipt funds, the company sai
d. CDRs are certificates that are traded on mainland bourses and are exchangeable with shares listed overseas.
The strategic investors all showed willingness of long-term investment, which is good f亚博体育ios版千花坊女神会所
or the stock market as it eases the pressure from large-scale issuance. In addition, it is also beneficial
for the long-term stability of the company’s stock price, according to CGN Power.
The company’s share price jumped despite the electricity sector in the exchange clo亚博体育ios版千花坊
sing 0.54 percent lower and the Shenzhen Component Index settling 1 percent lower on Monday.
CGN Power tops China’s nuclear power industry either by capacity in operation o
亚博体育ios版千花坊女神会所r those under construction. It is the only nuclear energy development platform of its par
ent company China General Nuclear Power Group, a State-owned energy giant based in Shenzhen.
By June 30, 2019, CGN Power managed 24 nuclear power u亚博体育ios版千花坊
nits that are already in operation, with a total installed capacity of 27.14 mi
llion kilowatts. Four other units are being built with an installed capacity of 4.6 million KW.
The company went public in Hong Kong in late 2014. Its board approved its mainlan亚博体育ios版千花坊女神会所
d IPO plan in February 2018, followed by approval from the Chinese regulators in July.