H-Shares Flat, Guodian Subsidiary Readies IPO

Aug 14, 2009
Sectors: China Report
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Hong Kong's Hang Seng Index rose 0.15% to close at 20,893.33, while trading volume reached HK$62.55 billion on Friday.

Shares of Yanzhou Coal Mining Company Limited (1171.HK, NYSE:YZC, 600188.SH) rose 2.31% on Friday, following its announcement Thursday that it had signed contracts to acquire 100% stake in Australia's Felix Resources (ASX:FLX) for AU$3.33 billion, or AU$16.95 per share. Lingbao Gold (3330.HK) grew 2.46% on Friday, while China Molybdenum (3993.HK) increased 1.43% and Zijin Mining Group (2899.HK, 601899.SH) gained 0.57%.

Wind power company China Longyuan Electric Power Group, a wholly owned subsidiary of state-owned power company China Guodian Corporation, is in the process of a Hong Kong listing, reports Shanghai Securities News quoting company General Engineer Yang Xiaosheng on Thursday.
Longyuan hopes to complete the IPO before late 2009, a company insider said.

Tags: 1171.hk, 2899.hk, 3330.hk, 3993.hk, 600188.sh, 601899.sh, china guodian corporation, china longyuan electric power group, china molybdenum, felix resources, flx, lingbao gold, macro, yanzhou coal mining company, yzc, zijin mining group

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H-Shares Flat, Guodian Subsidiary Readies IPO
August 14, 2009: Hong Kong's Hang Seng Index rose 0.15% to close at 20,893.33, while trading volume reached HK$62.55 billion on Friday. Shares of Yanzhou Coal Mining Company Limited (1171.HK, NYSE:YZC, 600188.SH) rose 2.31% on Friday, following its announcement Thursday that it had signed contracts to acquire 100% stake in Australia's Felix Resources (ASX:FLX) for AU$3.33 billion, or AU$16.95 per share. Lingbao Gold (3330.HK) grew 2.46% on Friday, while China Molybdenum (3993.HK) increased 1.43% and Zijin Mining…

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H-Shares Flat, Guodian Subsidiary Readies IPO

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