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China's Biggest IPO This Year Looks to Be in Renewable Power


China’s Biggest IPO This Year Looks to Be in Renewable Power
Bloomberg
2 hrs ago
Krystal Chia
© Bloomberg
Photovoltaic modules stand at a solar power plant co-owned by Longi Green Energy Technology Co. and China Three Gorges Corp. in this aerial photograph taken in Tongchuan, Shaanxi Province, China, on Monday, July 20, 2020. Longi is the world s largest producer of solar wafers and the world s largest solar company by market value.
(Bloomberg) China Three Gorges Renewables Group Co. is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval.
The unit of China Three Gorges Corp. plans to sell up to 8.57 billion shares in Shanghai, it said in a prospectus filed to the Shanghai stock exchange, without giving the value of the funds to be raised. The state-owned company has received written approval from China’s securities regulator, according to a China Securities ....

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