Wednesday, June 6, 2012

hina nuclear company plans IPO to fund expansion

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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