Huadian Fuxin Energy Co Ltd (0816.HK) listed on Hong Kong's stock exchange on June 28, which was the exchanges third biggest IPO this year. And the power-project operator was the first listed company with large-scale hydropower assets in Hong Kong market.
The firm offers 1.5 billion new shares in the base deal, or 20 percent of its enlarged share capital, at HK$1.65 per share, raising about HK$2.5 billion ($322.5 million).
Huang Xianpei, the chairman of the biggest hydroelectricity company in Eastern China, said Huadian Fuxin is China’s first diversified energy company with hydropower projects and coal-fired power plants in South China's Fujian province and wind power and clean energy projects throughout China.
By December 31, 2011, the clean-energy firm reached a consolidated installed capacity of 6,524.1MW into operation, including 2,223.4MW of hydropower and 79.4MW of other types of clean energy, which shows the characteristics of mixed types of energy sources.
Original Link MorningWhistle.com