CHINA RES POWER(00836.HK): CR New Energy A-Shares Offer Price Set at RMB10.11, Gross Proceeds Approx. RMB21.3 Billion
NewTimeSpace News: China Resources Power Holdings Co. Ltd. (00836.HK) announced that its spun-off subsidiary CR New Energy Holdings Co., Limited has fixed the A-share offer price at RMB10.11 per share. The initial offering volume stands at around 2.1073 billion shares (prior to over-allotment option exercise), accounting for 16.20% of total post-issuance share capital. The stock short name is “CR New Energy” with stock code 001248.SZ, raising approximately RMB21.3 billion in gross proceeds before greenshoe exercise.
NewTimeSpace News: China Resources Power Holdings Co. Ltd. (00836.HK) released an announcement on 25 June 2026, citing disclosures published by its spun-off subsidiary on the Shenzhen Stock Exchange official website, detailing key A-share IPO parameters as follows:
Stock short name: CR New Energy; Stock code: 001248.SZ; Offer price: RMB10.11 per A-share.Initial offer volume (without over-allotment option): 2,107,255,000 shares, representing 16.20% of total post-issuance share capital, generating gross fundraising of roughly RMB21.3 billion at the set offer price.If the over-allotment option (greenshoe) is fully exercised, total issued shares will expand to 2,423,343,000 shares, equivalent to 18.19% of total post-issuance share capital.Total post-issuance share capital before greenshoe exercise amounts to 13,005,524,860 shares.
CR New Energy is the exclusive platform under China Resources Power for wind and solar power station investment, development, operation and management, and marks the first red-chip enterprise to be accepted for listing on the main board of the Shenzhen Stock Exchange. Joint sponsors and lead underwriters of the A-share IPO are CICC and CITIC Securities.
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