Chinese power generation company SDIC says may list GDRs in London

Credit: REUTERS/THOMAS PETER

Chinese power generation company SDIC said it is considering proceeding with an offering of global depositary receipts (GDRs) on the London Stock Exchange.

Nov 19 (Reuters) - Chinese power generation company SDIC 600886.SS said it is considering proceeding with an offering of global depositary receipts (GDRs) on the London Stock Exchange.

The offering would include "A" shares of the company and the proceeds would be used to help expand SDIC's renewable energy business overseas and repaying offshore indebtedness, the company said.

($1 = 7.0229 Chinese yuan renminbi)

(Reporting by Noor Zainab Hussain in Bengaluru Editing by Rachel Armstrong)

((noor.hussain@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +91 80 6182 2663 or +91 80 3796 2663 ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More