Heilongjiang Electric Power
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Source: World Bank Group
The company serves as the electricity utility for Heilongjiang province. The company sold both "A" and "B" shares in the Shanghai Stock Exchange in 1996 (47.09% of its total equity). It sold 60 million "A" shares (8.56%), raising a total of US$ 7 million in divestiture revenues. It sold 100 million B shares, representing a 38.53% stake raising $67.04 million. The placement was arranged by Shenyin
- Status
- Prospective
- Sector
- Power Generation (CCGT), Power Transmission, Government
- Location
- Heilongjiang, China
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The company serves as the electricity utility for Heilongjiang province. The company sold both "A" and "B" shares in the Shanghai Stock Exchange in 1996 (47.09% of its total equity). It sold 60 million "A" shares (8.56%), raising a total of US$ 7 million in divestiture revenues. It sold 100 million B shares, representing a 38.53% stake raising $67.04 million. The placement was arranged by Shenyin & Wabguo Securities and ING Barings. Shares were issued at US$0.838 each, a 7.9% discount to the day's close of US$0.91. In Dec. 1998, China Prosperity Holdings Ltd. of Hong Kong acquired a stake in the project from an independent third party. None None |
Original sector | Energy |
Budget |
Location
Country | China |
State | Heilongjiang |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Power Transmission, Government |
Article published date | 2023-02-20 |
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