Longyuan Power Group
From Taighde
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Longyuan Power Group is a large wind power generator based in Hong Kong. Longyaun is a subsidiary of China Guodian Corporation. It is Asia's largest generator and the the 5th largest in the world.
The China Investment Corporation purchased $400 million shares in November 2009 when Longyuan held an IPO. Longyaun sold $2.2 billion of shares. Each share was sold between $.80 to $1.05. Longyaun sold 2.1 billion shares which represents 30% of total shares in Longyaun. The IPO occurred on December 10, 2009.
