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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Huaneng Renewables finds cornerstone investors

Posted on 29 November 2010

From WSJ: Singapore’s state-owned investment company Temasek Holdings will buy US$50 million of Huaneng Renewables shares, while State Grid International Development Ltd. will invest US$60 million in shares, the person said. Bank of China Investment Ltd. will subscribe for US$30 million of shares.

Huaneng Renewables plans to list shares on the Hong Kong stock exchange on Dec. 16, following its IPO, according to a term sheet seen earlier by Dow Jones Newswires…………………………………….Full Article: Source


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