Top nuclear operator to list assets
By Lyu Chang And Cai Xiao | China Daily | Updated: 2016-03-08 08:07
China General Nuclear Power Group, the country's largest nuclear operator, will list its assets of applied nuclear science and technology on the A-share market to cash in on the country's trillion-dollar industry, a security filing said.
CGN Nuclear Technology Application Co Ltd, a subsidiary of CGN, will become the major shareholder of a listed company, according to a statement filed on Sunday by China Dalian International Cooperation (Group) Holdings Ltd.
Under the deal, China Dalian International will spend 4.2 billion yuan ($645 million) to acquire 479 million shares of seven companies held by CGNAT at 8.77 yuan per share, the statement said.
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