Chinese state nuclear firm CGN Power proposes plan for Shenzhen listing

By Kitco News / February 11, 2018 / www.kitco.com / Article Link

HONG KONG, Feb 11 (Reuters) - Chinese state-owned nuclear company CGN Power Co Ltd said Sunday it plans to raise up to $794 million in a domestic listing on the Shenzhen stock exchange.

The firm said in a Hong Kong stock exchange filing it plans to offer no more than 5,049,861,100 new shares at 1 yuan ($0.16) per piece for the listing and will use the proceeds for the construction of nuclear power units and for working capital.

CGN Power said its Shenzhen listing plan has received approval from the company's board but is still subject to approval from shareholders and regulatory authorities including the China Securities Regulatory Commission.

Shenzhen-based CGN Power has a current market cap of around $12 billion.


(Reporting by Kane Wu; Editing by Andrew Heavens)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok