Latest News:  
Beijing   Cloudy/Overcast    19 / 12   City Forecast

Home>>China Business

China's Sinohydro Group shares rise on first day of trading


13:59, October 18, 2011

BEIJING, Oct. 18 (Xinhua) -- Sinohydro Group Ltd., China's largest hydroelectric power plant builder, saw its shares surge on the first day of trading.

The company's shares opened 6.22 percent higher than the price of its initial public offering (IPO) and soared 12 percent to 5.04 yuan (0.79 U.S. dollar) at the Shanghai Stock Exchange at around 10 a.m. on Tuesday morning.

Sinohydro set its IPO price at 4.5 yuan per share, the lower end of the pricing range of its 3-billion-share offering launched last month.

The company said on Sep. 29 it had raised 13.5 billion yuan from its IPO, setting a record in China's domestic A-share markets this year.


Leave your comment0 comments

  1. Name


Selections for you

  1. Buddhist arts exhibited in south China

  2. Exhibition on Chinese craftsmanship opens

  3. Emerald sculptures on exhibition at Palace Museum

  4. Cynthia Valdez wins gold in rhythmic gymnastics at Pan American Games

Most Popular


  1. Wall Street leads the West to a world of chaos
  2. Are China's forex reserves too big?
  3. Signs of higher mortgage rates
  4. Taobao Mall suffers from growing pains
  5. Is investing in forex cost effective?
  6. China needs cultural power
  7. Small vendors' wrath
  8. Sincerity needed to solve South China Sea dispute
  9. Money-dominated US must listen to its people
  10. Hold high banner of peace, development, co-op

What's happening in China

Parents see green scarves as humiliation to pupils

  1. Screen doors make city's subways safer
  2. Wal-Mart top China exec quits
  3. Teen accused of hurting woman
  4. Experts call for public to help accident victims
  5. Taobao revises fee plan

PD Online Data

  1. Chinese Valentine's Day
  2. Double Ninth Festival
  3. Dragon Boat Festival
  4. Solar Terms
  5. Laba Festival