Yangtze Power launches Stock Connect listing in London

By Sam Kerr
23 Sep 2020

China Yangtze Power, a Chinese utility company, has launched its listing on the London Stock Exchange, becoming the third company to list in London through the London-Shanghai Stock Connect scheme. The deal is expected to be worth up to $3.4bn.

The company will sell up to 110m Global Depositary Receipts (GDRs) at $26.46 to $30.95 each. The GDRs will represent 1.1bn of Yangtze Power’s A-shares.

The offering will be between $2.9bn and $3.4bn, representing a market capitalisation of between $68bn and $68.5bn. Yangtze Power will be the third ...

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