Datang Renewable debuts 1% below IPO price
(Xinhua)
2010-12-17 14:45
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HONG KONG - China Datang Corporation Renewable Power, China's second biggest wind farm operator, officially listed on the Hong Kong stock exchange on Friday, with share price opening at HK$2.3 (30 cents), down 1.29 percent from its IPO price.
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Current stock price fluctuations will not affect the company value in the long term, Hu Yongsheng, head of Datang Renewable, told reporters on Friday.
Hu said the wind-power capacity of Datang Renewable may rise to 5,500 to 6,000 megawatts in the next few years, with annual growth of about 2,000 megawatts.
The company will not seek further fundraising in two or three years, said Hu.
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