China's nuclear giant lists its assets

State-owned nuclear giant China General Nuclear Power Corp, the country's largest nuclear operator, listed its applied nuclear science and technology assets on the A-share market on Monday, cashing in on the country's trillion-dollar industry, the company said.

The corporation's reverse merger partner, the State-owned company China Dalian International Economic and Technical Cooperation Group Co Ltd, will be officially renamed as CGN Nuclear Technology Development Co Ltd, according to Huang Xiaofei, spokesman of the corporation.

Under the deal, China Dalian International spent 4.2 billion yuan ($645 million) to acquire shares of seven companies held by CGNNT, while it has also raised another 2.8 billion yuan through private placements, the corporation said.