SHANGHAI (Reuters) - China’s state-backed energy firm SDIC Power Holdings (SS:600886) has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the London Stock Exchange, the company said in a statement on Saturday.
Although there isn’t a ticker yet I think we should take advantage of this offering to offload global uncertainties. SDIC only operate within China:
Year on year SDIC Power Holdings Co Ltd grew revenues 29.61% from 31.64bn to 41.01bn while net income improved 35.02% from 3.23bn to 4.36bn.
Please add this when available. I see it as a great opportunity to invest in China at it’s core.