Huaneng Renewables seeks $1.3 billion from Hong Kong IPO

The wind-power producer and its bookrunners believe the company deserves a valuation premium to other clean-energy plays in China.

Huaneng Renewables Corporation, the wind-power unit of the nation’s largest power producer China Huaneng Group, is looking to raise HK$7.4 billion to HK$9.9 billion ($965 million to $1.28 billion) from a Hong Kong IPO.

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