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CGN Power rises in HK after firm sells additional shares

Nuclear power producer CGN Power Co Ltd, added about $475 million to its Hong Kong initial public offering after the underwriters to the deal exercised in full an option to sell additional shares to meet demand for the IPO. The company sold an additional 1.32 billion new shares on top of the 8.83 billion shares in the base offer, according to a regulatory filing on Wednesday. That would put the total deal at HK$28.21 billion ($3.64 billion). CGN Power's shares were up 2.06 percent at the close of trading on Thursday, compared with a 1.1 percent gain in the benchmark Hang Seng index. The shares are up 24 percent from their IPO price of HK$2.78 each.

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