FINWIRES · TerminalLIVE
FINWIRES

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

By

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.

Related Articles

Asia

Unisem (M) Gets Bourse's Nod to List Up to 161 Million Private Placement Shares

Unisem (M) (KLSE:UNISEM) received approval from Bursa Malaysia Securities Berhad to list and quote up to 161.3 million new shares under its proposed private placement, according to a Wednesday Malaysian bourse filing.Shares gained about 2% in Thursday's late morning trade.The shares represent up to 10% of the company's issued share capital.The approval is subject to customary conditions, including compliance with listing requirements and the exchange's approval conditions.

KLSE:UNISEM
Asia

POCO Applies to List on Hong Kong Bourse; Shares Up 3%

POCO Holding (SHE:300811) on Wednesday applied to issue H shares on the Main Board of the Hong Kong bourse.The listing is subject to approvals from Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the advanced materials manufacturer rose 3% in recent trade.

SHE:300811
Asia

NLC India, National Aluminium Sign JV for 1,080 MW Captive Thermal Power Project in Odisha, India

NLC India (NSE:NLCINDIA, BOM:513683) agreed to form a joint venture with National Aluminium (NSE:NATIONALUM, BOM:532234) to develop a 1,080 MW coal-based thermal captive power plant in Angul in Odisha, India, according to a Wednesday filing to the Indian stock exchanges.The 4×270 MW power plant will be set up to meet the captive power requirement of National Aluminium's 0.5 million tons per annum aluminium smelter expansion project.The joint venture, which will have equal equity participation from the two companies, will execute a fuel supply agreement with NLC India from its Machhakata coal mine or any other mines for 25 years.It will also sign a 25-year power purchase pact with National Aluminium for 100% offtake of power.

BOM:513683BOM:532234NSE:NATIONALUMNSE:NLCINDIA