China Resources Power slips; renewable unit plans Shenzhen listing
BUZZ-China Resources Power slips; renewable unit plans Shenzhen listing ** Shares of power plants operator China Resources Power Holdings 0836.HK slip 2.3% to HK$19.21, their lowest point since April 21
** China Resources New Energy, the renewable energy unit of China Resources Power, plans to raise about 24.5 bln yuan ($3.62 bln) in a Shenzhen IPO, according to its prospectus filed with the exchange
** Proceeds will be used to fund a pipeline of renewable energy projects, including wind and solar developments
** YTD, China Resources Power up 11.5%, benchmark Hang Seng Index .HSI up 5.6%
($1 = 6.7767 Chinese yuan renminbi)
(Reporting by Donny Kwok)
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