CNEC given green light for listing

Offering set to issue up to 525 million shares and raise 1.8 billion yuan

China Nuclear Engineering Corp, the country's major nuclear construction giant, has got approval for an initial public offering.

The China Securities Regulatory Commission said in a statement that CNEC will issue no more than 525 million shares on the A-share market, accounting for one-fifth of the total shares after the IPO.