SDIC Power Holdings (600886.SH) announced late Thursday that it mulled a private placement of no more than 787 million shares for no less than 11.44 yuan per share to raise no more than 9 billion yuan.
The fund to be raised would be used for subsidiaries' hydropower projects and large-scale high-efficiency environment-friendly thermal power unit constructions as well as working capital replenishment, the company said.
Projects to receive the aforesaid fund include six 500MW hydropower units at Lianghekou, four 375MW hydropower units at Yangfanggou as well as other thermal power units with total capacity amounting to 12.5GW. The 12.5GW capacity, when put into operation, could raise the company's holding capacity by 48.32 percent compared with the company's holding capacity of 25.871GW by the end of this June, the company said.
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