Datang International Power Generation Company, a leading independent Chinese power generator listed on the Hong Kong and London stock exchanges, is to issue 500 million A shares on the Chinese mainland, reports Wednesday's China Securities Journal.

Its application was approved by the China Securities Regulatory Commission on Tuesday.

Datang is the latest Chinese blue chip to list shares on the domestic bourses following the examples of heavyweights such as the Bank of China, and China Construction Bank.

Of the proposed 500 million A shares, 150 million shares will be sold to Datang's parent company, China Datang Corporation. Another 46.18 million shares will be sold to Jinneng Investment Company, an investor and operator of generating assets. The remaining shares will be available to public investors.

Datang Power had 73.486 billion yuan in assets and an installed capacity of 15,410 megawatts at the end of June this year, according to company figures.

The company's Hong Kong-listed H shares closed at seven Hong Kong dollars on Tuesday.

Source: Xinhua