China’s SDIC recharges with $201m GDR listing

By Jonathan Breen, Sam Kerr
19 Oct 2020

Shanghai-listed SDIC Power Holdings has priced its $200.6m London offering of Global Depository Receipts (GDRs) at the bottom of the marketed range.

The power generation company completed the deal on Friday in the UK through the London-Shanghai stock connect system as a follow-on offering. 

CICC, CLSA, Goldman Sachs, HSBC and UBS were the bookrunners, according to Dealogic.

SDIC is listing 16.35m GDRs, representing 163.5m of its Shanghai Stock Exchange-traded A-shares and ...

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