China's Sinohydro plans $2.7b Shanghai IPO

Updated: 2011-07-26 10:02

(Agencies)

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China's Sinohydro Corp plans to issue up to 3.5 billion new shares in a Shanghai offering to raise 17.3 billion yuan ($2.68 billion), the China Securities Regulatory Commission said on Tuesday, adding it would review the application on Friday.

The funds raised would be used for equipment purchases and investment in clean energy projects.

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