China Energy Engineering (3996.HK) listed on HKEX

2015-12-10 15:57

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China Energy Engineering Corporation Limited (3996.HK), a large comprehensive solution provider for power industry in China and globally, started trading on Hong Kong Stock Exchange from Thursday, but declined 3.77 percent in its first morning session to 1.53 HK dollars/share.

According to the result of its initial public offering, only 31 percent of shares sold in public offering in Hong Kong were subscribed, and therefore, the share price of the company was set at 1.59 HK dollars, the low end of the issuing price range.

Prospectus of China Energy Engineering showed that the company had invited 20 basic investors with a total subscription value of 1.265 billion US dollars, accounting for about 70 percent of its IPO shares.

The company designed and constructed power plants with total on-grid installed power generating capacity of more than 160GW in 2012-2014, ranking No.1 in the world.

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