CGN Nuclear Power Company announced on February 11th, the future issue of A-Share for Yangjiang and Fangchenggang. Both plants will be listed on the Shenzhen Stock. The number of new shares will not exceed 5,049,861,100. This represents 10% of the total share capital.
CGN Nuclear Power said that after deducting the issuance fee, it would be used for the construction and working capital of Yangjiang 5&6 and Fangchenggang 3&4. After the project is completed and put into production, the total installed capacity of the company will be increased by 4532 MW.
In addition to CGN Nuclear Power, CGN Group listed two other stock, respectively for its subsidiaries CGN New Energy (clean energy) and CGN Nuclear Mining (uranium and other nuclear fuel activities).
A-share issue shall be subject to the approval of the above meetings and approved by CSRC and other relevant regulatory authorities.
