Datang International Seeks Shareholder Approval for Up to 8 Billion Yuan Share Issue

MT Newswires Live

07/10

Datang International Power Generation (SHA:601991, HKG:0991) is seeking shareholder approval to raise up to 8 billion yuan to finance new power plants, according to a Thursday filing with the Hong Kong bourse.

The firm is seeking authorization to issue up to 2.67 million A shares to a maximum of 35 investors, including controlling shareholder China Datang Corp., which has agreed to buy 20% of the shares to be issued with a limit of 1.6 billion yuan.

The share sale will be priced at a later date and will help raise funds to expand the company's power plants.

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