(Bloomberg) -- China Coal Energy Co., the nation's
second-largest coal producer by sales, may raise about $2.9
billion in a share offering in Shanghai to fund expansion as the
country's demand for energy surges.
China Coal will sell as many as 1.53 billion yuan-
denominated Class A shares in Shanghai, the Beijing-based company
said in a statement to the Hong Kong stock exchange today. The
sale would be worth 22.2 billion yuan ($2.9 billion) based on the
closing price of HK$14.58 in Hong Kong on July 13.
Read more at Bloomberg Energy News
second-largest coal producer by sales, may raise about $2.9
billion in a share offering in Shanghai to fund expansion as the
country's demand for energy surges.
China Coal will sell as many as 1.53 billion yuan-
denominated Class A shares in Shanghai, the Beijing-based company
said in a statement to the Hong Kong stock exchange today. The
sale would be worth 22.2 billion yuan ($2.9 billion) based on the
closing price of HK$14.58 in Hong Kong on July 13.
Read more at Bloomberg Energy News
No comments:
Post a Comment