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According to the latest announcement of China Investment Power (600886.SS), SASASAC of the State Council has agreed in principle to the overall plan of issuing a global depository receipt (GDR) of no more than 10% of the total share capital and no more than 67,860.2334 million shares of corresponding A shares.
CITIC Electric Power said that the GDR scheme still needs to be considered and approved by the shareholders'meeting and approved by the China Securities Regulatory Commission and the relevant securities regulatory authorities in the United Kingdom before it can be implemented. There are certain uncertainties.
In late July, Reuters quoted three sources as saying that CIC Electric Power has hired three investment banks to list in London through the Huluntong mechanism. One of the sources said that CIC Electric wanted to raise $500 million to $1 billion by selling Global Depositary Receipt (GDR) on the London Stock Exchange.
State Investment Power A shares closed at 8.69 yuan on Friday, up about 15.56% in the last three months.

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