Datang New Energy and Huaneng New Energy Postponed IPO in Hong Kong

Yesterday, it was reported that the IPO decision of Datang New Energy and Huaneng New Energy of Datang Group and Huaneng Group was suspended or postponed by the IPO of Hong Kong Stock Exchange.
Datang New Energy plans to be listed on the Hong Kong Stock Exchange on December 9th. It plans to issue 2.14 billion shares in Hong Kong this time. Huaneng New Energy plans to issue up to 2.9 billion shares at an issue price of between RMB 3 and RMB 4 per share.
There are market rumors that due to the similarities in the business of the two companies and the recent volatility in the capital market, they have all postponed listing.
The reporter also learned that several Hong Kong-listed companies, such as Bluestar Adisseo and China New Materials, have postponed the IPO timetable.
It is reported that Huadian New Energy also hopes to achieve the listing this year, CLP will be new energy business packaged in succession to its listed companies in Hong Kong; at the same time news that the taste of Longyuan Power Listed Guodian Group, intends to split subordinates Yantai Longyuan The company went public on the Shenzhen Stock Exchange. The listing and financing of new energy enterprises by central SOEs can ease the capital shortage caused by power generation losses and reduce the debt ratio.

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