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On April 23, with the approval of the China Securities Regulatory Commission, China Three Gorges New Energy (Group) Co.
, Ltd.
(hereinafter referred to as “Three Gorges New Energy”), a subsidiary of China Three Gorges Corporation (hereinafter referred to as “Three Gorges Group”), obtained an initial public offering of shares (IPO) approval, the listing officially enters the countdown to the gong.
Next, Three Gorges New Energy and its lead underwriter will negotiate with the Shanghai Stock Exchange to determine the issuance schedule and publish the prospectus documents.
According to the prospectus pre-disclosed in October 2020, the number of new shares issued by Three Gorges New Energy does not exceed 8.
571 billion shares, which does not exceed 30% of the company's total share capital after the issuance, subject to the minimum issuance ratio and other regulatory requirements of the listing place.
As the largest clean energy group in my country, the Three Gorges Group takes the new energy business as its core business to make every effort.
The main body of strategy implementation is Three Gorges New Energy, whose main business is the development, investment and operation of wind energy and solar energy.
Three Gorges New Energy stated that, centering on the strategic goals of “Guangdong Three Gorges” and “Offshore Wind Power Leader”, it adheres to both scale and efficiency, implements differentiated competition and cost-leading strategies, and strives to build a reasonable industrial structure, excellent asset quality, and significant economic benefits.
A world-class new energy company with advanced management.
According to official website data, as of the end of 2020, the Three Gorges new energy business covers 30 provinces, municipalities and autonomous regions across the country, achieving grid-connected wind power, photovoltaic and small and medium-sized hydropower installed capacity exceeding 15 million kilowatts, and total assets exceeding 140 billion yuan.
Transfer from: Economic Information Daily
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