In a statement to Shanghai’s stock exchange, the company said it is to sell as many as 3.5B shares. Proceeds from the sale are expected to fund new hydropower and wind farm construction.
Sinohydro to launch IPO
Chinese hydro developer Sinohydro is to launch an initial public offering (IPO) later this week in a move to fund $2.7B worth of new projects, newswires have reported.
