Huadian Fuxin prices $319m HK IPO near bottom-term sheet

21-Jun-2012 Intellasia | Reuters | 7:01 AM

China diversified clean-energy firm Huadian Fuxin Energy Corp raised about $319 million in a Hong Kong initial public offering, after pricing the deal near the bottom of an indicative range, according to a term sheet of the IPO seen by Reuters on Wednesday.

Huadian Fuxin sold 1.5 billion new shares at HK$1.65 each, near the bottom of a HK$1.60-1.76 per share price range, putting the total deal at HK$2.48 billion ($319 million).

http://in.reuters.com/article/2012/06/20/huadianfuxin-ipo-idINL3E8HK1PR20120620