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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment, Market

CIC subscribes to US$60 mln of Huaneng Renewables Hong Kong IPO

Posted on 25 May 2011

China’s sovereign wealth fund China Investment Corp. has agreed to buy US$60 million worth of shares in Huaneng Renewables Corp. ( 0958.HK), a person familiar with the situation said Wednesday, becoming the latest cornerstone investor to subscribe to the wind-farm operator’s initial public offering in Hong Kong
Including CIC’s investment, Huaneng Renewables has secured a total of US$335 million from nine cornerstone investors for its relaunched initial public offering in Hong Kong that could raise up to US$988 million……………………………………….Full Article: Source


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