Business / Markets

Green light for nuclear IPO

(China Daily) Updated: 2012-06-07 13:36

China National Nuclear Power Co won permission from environmental authorities to sell shares to finance 174 billion yuan ($27 billion) in projects in the nation's first initial public offering by a developer of atomic energy.

The Ministry of Environmental Protection approved a company report seeking permission, according to a statement on the ministry's website that didn't mention the amount to be raised. The share sale was approved by the China Securities Regulatory Commission in January.

China Daily-Agencies

 

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