China's state-backed energy firm SDIC Power Holdings has receiv...
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
SHANGHAI - China’s state-backed energy firm SDIC Power Holdings has received government approval to issue 10% of its share capital as Global Depositary Receipts on the London Stock Exchange, the company said in a statement on Saturday. SDIC Power said that it had received the green light from government regulator, the State-owned Assets Supervision and Administration Commission.
However, its plan, which corresponds to less than 678.6 million A-shares, still needs further approvals from shareholders as well as British and Chinese securities regulators, it added.
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