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Chinese power generation company SDIC says may list GDRs in London

Chinese power generation company SDIC says may list GDRs in London
FILE PHOTO: A power station of the State Development & Investment Corporation (SDIC) is reflected in a lake in Tangshan, Hebei province, China, August 22, 2018. REUTERS/Thomas Peter -
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THOMAS PETER(Reuters)
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(Reuters) – Chinese power generation company SDIC <600886.SS> said it is considering proceeding with an offering of global depositary receipts (GDRs) on the London Stock Exchange.

The offering would include “A” shares of the company and the proceeds would be used to help expand SDIC’s renewable energy business overseas and repaying offshore indebtedness, the company said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20191119:nRSS9041Ta.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rachel Armstrong)

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