国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Sinohydro to raise $2.7b in share sale

By Guo Aibing (China Daily)

2011-09-20 11:33

Sinohydro to raise $2.7b in share sale

A project by Sinohydro Group Ltd, China's largest builder of dams. The company plans to raise $2.7 billion in a Shanghai IPO to finance its expansion both in China and the international market. [Photo/China Daily]

Dam builder will launch deal next week to bankroll power projects

HONG KONG - Sinohydro Group Ltd, seeking to fund 17.3 billion yuan ($2.7 billion) of projects, will start selling shares next week in what could be the mainland's biggest IPO in more than a year.

China's biggest builder of dams will start selling up to 3.5 billion shares in Shanghai from Sept 26, the Beijing-based company said on Sept 19 in a statement to the Shanghai Stock Exchange. The shares will be priced on Sept 23, it said.

Sinohydro is expanding overseas and in China, where it is building hydroelectric stations and wind farms as part of the government's push to reduce the nation's reliance on coal to fuel the world's second-largest economy.

The offering comes when the Shanghai Composite Index has declined 13 percent this year amid a global economic slowdown.

The IPO would be the mainland's biggest since China Everbright Bank Co raised 18.9 billion yuan in August last year. The exercise of Everbright Bank's over-allotment option increased the amount it raised to 21.1 billion yuan.

Institutional investors can buy the shares from Sept 26 while subscriptions for retail investors will open on Sept 27, Sinohydro said. The China Securities Regulatory Commission, the country's stock market regulator, approved the IPO application on July 29.

Sinohydro's net income rose 27 percent last year to 2.91 billion yuan on increased demand for hydropower facilities, it said in July. The company had 261 projects under construction in 55 countries at the end of last year, with overseas projects accounting for 26 percent of revenue and 35 percent of gross profit, it said.

Proceeds from the share sale will help fund construction of projects including a hydropower dam in the southwestern Chinese province of Sichuan and a wind farm in Gansu province, Northwest China, Sinohydro said in July.

The Chinese company has also won construction contracts in Asia, Africa and South America.

The IPO proceeds will also be used for a dam in Cambodia, the company said in July.

Sinohydro is in talks to build a hydropower station in Costa Rica. Sinohydro won a contract in June 2010 to help Ecuador build a $1.68 billion hydropower plant in the country's Amazon region in what would be the Latin American country's biggest engineering project, Ecuador's Strategic Sectors Ministry said.

The Chinese dam builder signed a $2 billion framework agreement with Laos to build seven dams along the 475-kilometer Nam Ou River, a Mekong tributary, the Hong Kong-based South China Morning Post reported in April.

Bloomberg News

Paper kettle

An Italian designer, Andrea Ponti, designed a recycled paper-made water container for the Milano Expo 2015, according to yankodesign.com.

Bamboo treecycle

The Bamboo treecycle developed by MGT Engineering Ltd is on dispay at the 21th China Int'l Bicycle and Motor Fair.

Charger captures power from Wifi

A US electronics company invented a charger that draws its power from Wifi signals.

World Environment Day

World Environment Day is an annual event that is aimed at being the biggest and most widely celebrated global day for positive environmental action. The theme this year is Forests: Nature At Your Service.

China International Green Industry Expo 2010

The China International Green Industry Expo 2010 (CIGIE 2010) is an important international green industry exhibition hosted by the Chinese government and held at the Beijing Exhibition Center, Nov 24 to 27.

China Wind Power 2010 Conference&Exhibition

China Wind Power 2010 is the largest and most important international wind power conference and exhibition in China.

恩施市| 景谷| 平江县| 五家渠市| 和硕县| 察哈| 姚安县| 大邑县| 冷水江市| 黄梅县| 新郑市| 和林格尔县| 永安市| 阳泉市| 托克逊县| 田阳县| 孙吴县| 沿河| 威信县| 石城县| 探索| 习水县| 汝州市| 广平县| 镇雄县| 烟台市| 靖州| 布拖县| 伊春市| 尼木县| 东至县| 淳化县| 扬州市| 资中县| 阜平县| 永州市| 大港区| 高青县| 越西县| 应用必备| 临朐县|