China Guangdong Nuclear Power Plant (CGNPC) announced plans to launch a dual initial public offering in Hong Kong and Shanghai in the coming year. CGNPC said that they plan to raise CNY20 billion or US$3.3 billion from the dual public offerings. CGNCP said that they plan to list part of its assets for the public offering in Shanghai and another part in Hong Kong. China's top nuclear power station builder said that they are working out all the details for the planned public offerings.
China Guangdong Nuclear Power Plant, a nuclear power plant firm with an operational capacity of 7.21 million kilowatts, is the only nuclear power firm under the direct supervision of the Chinese State Council. CGNPC said that currently, the company holds CNY300 billion worth of assets. CGNP forecasted that they will earn as much as CNY450 billion in 2015 and will hit the CNY1 trillion mark by 2020.
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