CGN lists non-nuclear power assets on bourse
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.