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NEWS

On May 13, China Securities Regulatory Commission (CSRC) announced that it approved on the same day the applications for IPO submitted by nine enterprises including China Nuclear Engineering Corporation Limited (CNEC) pursuant to the statutory procedures. This indicates that “the leader of nuclear power construction” has officially launched IPO, and marks the listing of the first share of the nuclear power construction sector on China’s A-share capital market this year.

In this IPO, the number of shares for public issue by CNEC will not exceed 525 million A-shares, and the total share capital after issue will not surpass 2.625 billion shares. The fund raised through IPO will be principally used for the construction of nuclear power projects, including nuclear power engineering construction projects, purchase project of construction equipment for nuclear power facilities, nuclear power engineering and nuclear engineering technology research projects, and IT-based capacity-building projects as well as replenishing CNEC’s liquidity.