Angus Energy to drill new Saltfleetby side-track before First Gas to avoid safety complications. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

UPDATE: Chinese Firm SDIC Power Prices London GDR Listing At USD12.27

Fri, 16th Oct 2020 19:06

(Alliance News) - SDIC Power Holdings Co Ltd on Friday set its offering of 16.4 million global depositary receipts at a price at USD12.27, coming it at the lower end of its guided range.

Earlier Friday, the Chinese power firm offered a range between USD12.27 and USD13.37 each.

The GDRs are expected to be listed on the Shanghai-London Stock Connect segment of the Main Market of London Stock Exchange. Admission is expected to take place on or around Thursday next week.

The offering represents 2.4% of the company's share capital.

SDIC Chair Zhu Jiwei said: "We are proud to announce the successful pricing of SDIC Power's GDR offering, following the positive response to our company on our recent virtual roadshow from international investors. Our London listing reinforces the global presence of SDIC Power and reflects the company's expansion from its home market into other regions of Asia and into Western Europe.

"Enhanced access to international capital markets through the Shanghai-London Stock Connect channel will support SDIC Power's commitment to continue to invest in, develop and operate clean energy projects, as we implement our global growth strategy."

SDIC is a power generation company in China, with a diversified portfolio of projects across hydropower, coal-fired power, wind power, solar power and other renewable energy. The company develops, acquires and operates power projects and sells the electricity generated by them to grid companies.

By Greg Roxburgh; and Paul McGowan;

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

US close: Wall Street weaker despite solid retail results

(Sharecast News) - Wall Street stocks closed weaker on Tuesday, even after some solid earnings from big-box retailers including Walmart, Home Depot and Macy's.

Today 00:19

UK's Johnson announces urban renewal plans after promise to "level up"

LONDON, May 19 (Reuters) - British Prime Minister Boris Johnson on Wednesday announced a series of urban renewal projects worth 830 million pounds ($1.2 billion) in towns and cities away from London as part of his promise to "level up" the countr...

Today 00:01

GLOBAL MARKETS-Stocks fall with tech shares; dollar touches lowest since late February

* All three major stock indexes end lower* Dollar, oil lower* Eyes on Fed minutes (New throughout, updates to U.S. market close)By Caroline ValetkevitchNEW YORK, May 18 (Reuters) - Wall Street stocks fell on Tuesday, with technology shares turning ...

18 May 21 22:53

UPDATE 1-Spain approves Pfizer shots for under-60s who got AstraZeneca first dose -El Pais

(Updates with reported approval)MADRID, May 18 (Reuters) - Spain's public health commission has approved a proposal by the health ministry that Spaniards under 60 who have received a first dose of AstraZeneca's vaccine get a second shot of the cor...

18 May 21 21:46

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.