Huaneng Thermal Power's Capital Rises Following Share Placement

MT Newswires Live01-12

Inner Mongolia Mengdian Huaneng Thermal Power (SHA:600863) registered an increase in capital following the issuance of new shares, according to a Shanghai bourse disclosure on Saturday.

The Chinese power company's shares fell less than 2% during the morning trade.

The company placed 771,864,503 shares at 3.46 yuan per share to its controlling shareholder, Northern United Power.

Huaneng's registered capital rose to around 7.30 billion yuan from 771.9 million yuan after the transaction.

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