CGN lists non-nu­clear power as­sets on bourse

China Daily (Canada) - - LIFE - By LYUCHANG lvchang@chi­nadaily.com.cn

Chi­naGen­er­alNu­cle­arPower Co, a nu­clear power gi­ant, has listed its non-nu­clear power as­sets on the A-share mar­ket by ac­quir­ing a controlling stake in a listed com­pany.

Shares of the listed-com­pany, China Dalian In­ter­na­tional Eco­nomic & Tech­ni­cal Co­op­er­a­tion Group Co, climbed by the 10 per­cent daily limit to 15.9 yuan ($2.46) on Wed­nes­day, the first day af­ter the re­sump­tion of trad­ing.

China Dalian In­ter­na­tional has sold 4.25 bil­lion yuan worth of its shares to CGN (Beijing) Nu­clear Tech­nol­ogy Ap­pli­ca­tion Co, a CGN unit that fo­cuses on non-nu­clear power as­sets such as nu­clear in­stru­men­ta­tion, iso­topes and ra­dioac­tive sources, ir­ra­di­a­tion pro­cess­ing and nu­clear ma­te­ri­als, ac­cord­ing to a reg­u­la­tory fil­ing.

It also said that CGN will raise 2.8 bil­lion yuan through pri­vate place­ment af­ter the re­sump­tion of trad­ing.

CGN al­ready has three listed-com­pa­nies, all of which made their de­but in Hong Kong, in­clud­ing CGN Power Co Ltd, CGN New En­ergy Hold­ings Co Ltd and CGN Min­ing Co Ltd.

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