Hua Dian Xin Neng Prices A-Shares at 3.18 Yuan for Shanghai Listing

Hua Dian Xin Neng, a leading renewable energy company, has announced the pricing of its A-shares at 3.18 yuan per share, with the subscription process set to commence on July 7, 2025. This development marks a significant step for the company as it prepares to list on the Shanghai Stock Exchange.

The pricing of 3.18 yuan per share was finalized after an initial inquiry process. The total number of shares proposed for subscription is 496,894.4214 million, with the potential to increase to 571,428.5714 million if the over-allotment option is fully exercised. This substantial offering reflects the company's ambition to raise significant capital for its expansion plans.

Based on the pricing, Hua Dian Xin Neng aims to raise approximately 155.92 billion yuan in net proceeds. If the over-allotment option is fully exercised, the maximum net proceeds could reach around 179.44 billion yuan. These funds will be used exclusively for the construction of wind and solar power generation projects, aligning with the company's strategic focus on renewable energy.

The subscription process for Hua Dian Xin Neng's A-shares will begin on July 7, 2025, with the subscription code 730930. The initial subscription results will be announced on July 8, followed by the preliminary allocation results for institutional investors and the final subscription results on July 9. The final results of the issuance will be published on July 11.

Hua Dian Xin Neng's business is primarily focused on wind and solar power generation, positioning the company as a key player in the renewable energy sector. The proceeds from this IPO will be instrumental in funding the company's ambitious projects, which include the construction of new wind and solar power plants. This strategic investment is expected to enhance the company's competitive position in the market and drive its growth in the coming years.

The pricing of 3.18 yuan per share was determined through a thorough evaluation of various factors, including the company's investment value, comparable company valuations, and industry standards. This careful consideration ensures that the pricing is both competitive and reflective of Hua Dian Xin Neng's true value, providing a solid foundation for its future growth and development.