Guodian postpones IPO

Guodian Technology postpones pricing of Hong Kong IPO

The Chinese wind power equipment maker delays pricing until next week, while Chow Tai Fook Jewellery and New China Life drop on their first day of trading.
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Guodian's 20MW Longyuan Geermu plant is the biggest solar power project in China
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<div style="text-align: left;"> Guodian's 20MW Longyuan Geermu plant is the biggest solar power project in China </div>

Guodian Technology and Environment Group has postponed the pricing of its initial public offering as the company has decided to adjust the offer structure, a source said. The company was seeking to raise between HK$4.49 billion and HK$5.03 billion $578 million to $647 million and was set to fix the price yesterday after closing the order books on Wednesday.

The deal will be downsized to ensure it will be done properly, and the pricing is expected in the second half of next week, the source said. The company is finalising legal documents and needs to get clearance from the stock exchange, but the target is still to complete...

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