SDIC Power begins $817m London GDR sale

SDIC_Power_alamy_230x150
By Aidan Gregory
26 Nov 2019

Chinese power company SDIC Power Holdings is moving forward with its plan to list global depositary receipts on the London Stock Exchange to fund global expansion and its clean energy drive.

If successful, SDIC will become the second Chinese company to list GDRs in London via the London-Shanghai Stock Connect Programme. The scheme went live in June when brokerage Huatai Securities raised $1.7bn.

Goldman Sachs, UBS and HSBC are global co-ordinators on the GDR ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial