The reports – which were immediately denied by Datang – claim the company has been given a green light to list its renewables unit on the Shenzhen-based ChiNext stock exchange, targeted at start-ups. Datang is believed to be looking to drum up at least $1bn.
Beijing-based Datang, which is China’s largest publicly traded power company by market capitalisation, has been trailed for months by rumours that it is readying a flotation of its green-energy unit, encompassing its wind and hydroelectric assets.
Datang,
