State Nuclear Power Technology Corp. (SNPTC) plans to list its shares in the second quarter of 2012, said SNPTC Chairman Wang Binghua.
SNPTC will adopt a three-pronged approach to list its shares, said Wang, who would not provide specifics on where the float would take place.
The company will increase its registered capital from 4 billion yuan ($586 million) to 10 billion yuan ($1.46 billion) through a capital injection, and set up a financial service arm this year to enter the financial sector. Final preparation for the listing would be undertaken between 2011 and the first half of 2012, said Wang.
Set up in May 2007, SNPTC is responsible for introducing and developing third-generation nuclear power technology in China. |