Huadian Fuxin prices IPO above low end to raise $319 million

Huadian Fuxin Energy Corp has raised HK$2.48 billion ($319 million) from its initial public offering after pricing the deal slightly above the bottom of the price range at HK$1.65 per share. The company, which is the renewable energy arm of the China Huadian Group, is due to start trading in Hong Kong on June 28.