Latest News:  
Beijing   Sunny/Cloudy    26 / 16   City Forecast

Home>>China Business

Sinohydro raises 13.5 bln yuan in this year's largest IPO


16:48, September 29, 2011

BEIJING, Sept. 29 (Xinhua) -- Sinohydro Group Ltd., China's largest hydroelectric power plant builder, said Thursday that it has raised 13.5 billion yuan (2.11 billion U.S. dollars) so far this year from its initial public offering (IPO) on the Shanghai Stock Exchange (SSE).

Sinohydro set its IPO price at 4.5 yuan per share, the lower end of the pricing range of its 3-billion-share offering, according to a statement filed to the SSE.

Sinohydro's IPO set a record in China's domestic A-share markets this year. Its offering price indicates a 15-time price-earning ratio for the company.


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. 41 coach passengers trapped in snow, NW China

  2. 2,562nd birthday of Confucius marked around China

  3. Some 30 African flamingoes introduced in Jinan zoo

  4. Japanese pupils experience happiness of reaping rice

Most Popular


  1. Asian countries must unite for regional security
  2. Shanghai's metro crash sends more alarms
  3. Russian political transition is 'multivariate equation'
  4. Western debt crisis shows 10 contradictions
  5. The signal of Shanghai subway crash
  6. BRICS could give crucial aid to debt-laden Europe
  7. Ulterior motives lie behind 'Asia-minus-one' concept
  8. Europe replaces US as new source of financial crisis
  9. US, China cost of living comparison misleading
  10. China needs stronger case in S. China Sea issue

What's happening in China

Accidents a red signal for metro expansion

  1. Railway funds drying up as debt increases
  2. Beijing is 'grayer' than ever
  3. Crunch comes for those with underground loans
  4. Foreign pilots call for better safety systems
  5. Lanzhou has worst air in nation: report

PD Online Data

  1. Challenge to the traditional view of love and marriage
  2. House means happiness? Young Chinese' home-owning dream
  3. Fighting AIDS,China is acting
  4. Worldwide Confusius Institutes
  5. Chinese Qingming Festival