hina nuclear company plans IPO to fund expansion
BEIJING
(AP) – China's main developer of nuclear power plants says it plans to
raise money with an initial public offering, suggesting an industry
building boom is resuming after being suspended following Japan's
nuclear disaster last year.
The IPO
will help to pay for a 173.5 billion yuan ($27 billion) program to
build or expand five nuclear power plants, China National Nuclear Power
said in a statement on the Environment Ministry website.
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