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SHE:001248

4 stories mentioning SHE:001248Updated 31d ago

Every FINWIRES story that references SHE:001248, newest first.

Asia

China Resources New Energy Soars 137% in Shenzhen Trading Debut

China Resources New Energy (SHE:001248) shares soared 137% to close at $23.95 on its first trading day on the Shenzhen Stock Exchange Thursday.The power company raised 24.5 billion yuan from the IPO, in what the Financial Times described as the biggest in Asia this year.At open, the stock jumped 114% from its IPO price of 10.11 yuan.Earlier during the IPO, the China Resources Power Holdings (HKG:0836) unit reallocated part of the publicly offered shares after the clawback mechanism was activated due to online subscriptions exceeding the threshold of 100 times.

HKG:0836SHE:001248
Asia

China Resources Power Unit to Debut in Shenzhen on July 2

China Resources Power (HKG:0836) said its spun-off subsidiary, China Resources New Energy (SHE:001248), will begin trading on the Shenzhen Stock Exchange on July 2.Following the listing, China Resources Power's stake in the subsidiary will decrease to 83.8%, or 81.8% if the over-allotment option is fully exercised, according to a Tuesday Hong Kong bourse filing.China Resources New Energy will remain a consolidated subsidiary of the company.The company aims to raise about 24.5 billion yuan in the Shenzhen initial public offering.The listing is poised to become Asia's largest IPO for this year, Reuters reported, citing LSEG data.

HKG:0836SHE:001248
Asia

CR Power's New Energy Unit Sets Offer Price for Shenzhen Listing

China Resources Power Holdings (HKG:0836) said its spun-off subsidiary, China Resources New Energy (SHE:001248), priced its Shenzhen initial public offering at 10.11 yuan per share, according to a Friday filing with the Hong Kong Exchange.China Resources New Energy plans to issue 2.11 billion shares, with the offering size increasing up to 2.42 billion shares if the overallotment option is exercised.

HKG:0836SHE:001248
Asia

China Resources New Energy Launches Shenzhen IPO

China Resources New Energy (SHE:001248) on Thursday filed a prospectus for the initial public offering of 2.11 billion shares on the main board of the Shenzhen Stock Exchange.Proceeds will be used to build the company's wind and solar power projects, according to the prospectus.The expected issuance date is on June 22.China International Capital and CITIC Securities serve as lead underwriters.

SHE:001248

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