CECEP Wind-Power Plans Up to 3.6-Billion-Yuan Private Placement

MT Newswires Live11-07

CECEP Wind-Power (SHA:601016) plans to raise up to 3.6 billion yuan via a private A-share placement to up to 35 investors, including controlling shareholder CECEP Group and affiliate CECEP Capital.

The funds will support seven wind power projects in Inner Mongolia, Gansu, Hebei and other regions, according to a Friday filing with the Shanghai bourse..

The issue price will be determined by bidding and set no lower than 80% of the 20-day average trading price.

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