China coal producer Shenhua plans US$1b wind farm IPO in HK

China's biggest coal producer, Shenhua Group, plans to list its wind farm assets in an initial public offering in Hong Kong valued at up to $1 billion, IFR reported on Monday, citing people familiar with the plans. 

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JUL 27, 201510:16 AM

[HONG KONG] China's biggest coal producer, Shenhua Group, plans to list its wind farm assets in an initial public offering in Hong Kong valued at up to $1 billion, IFR reported on Monday, citing people familiar with the plans.

The IPO is expected for the first half of 2016, according to IFR, a Thomson Reuters publication. The company has invited banks to pitch for the deal, though no mandates have yet been assigned, it reported.

Reuters