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China Resources Power Unit Completes Overallotment Option for A-Share IPO

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China Resources Power Holdings (HKG:0836) said its spun-off unit, China Resources New Energy Holdings, completed the exercise of the overallotment option for its Shenzhen A-share initial public offering, increasing total proceeds to about 24.5 billion yuan, according to a Monday Hong Kong bourse filing.

The unit issued an additional 316.1 million A shares at 10.11 yuan apiece, bringing the total number of shares issued to 2.42 billion from 2.11 billion.

Net proceeds from the offering, after deducting issuance expenses, amounted to about 24.3 billion yuan.

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