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China General Nuclear Power seeks listing

2013-07-30 10:04 chinadaily.com.cn Web Editor: qindexing

China General Nuclear Power Group, the country's largest nuclear power company, said on Monday it has put on the agenda a listing plan to improve its level of governance.

The IPO is likely to raise no less than 20 billion yuan ($3.26 billion) in the A-share and Hong Kong markets in 2014, Shi Bing, vice-president of the company, was quoted as saying on Friday.

Follow-up work and details of the listing will depend on the situation in the capital market, the company said in an e-mail statement late on Monday.

CGN had total assets of 271.3 billion yuan as of June. The company controls 53 percent of the country's nuclear power installed capacity, and has the world's largest reactor fleet under construction.

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