HONG KONG, April 28 (Reuters) - China Everbright
International said on Friday an offering of shares of
its greentech subsidiary has been priced been at HK$5.40 each,
near the mid-point of an indicative range, valuing the business
at HK$10.8 billion ($1.39 billion).
The energy and infrastructure firm has planned to spin off
and separately list its China Everbright Greentech Ltd
unit. It is selling up to 644 million shares, or about 30
percent of the unit. The indicative range was HK$5.18-HK$5.90
Trading in shares of the greentech unit will begin in Hong
Kong on May 8.
Last year, China Everbright International had said that a
spin-off and listing of the unit would increase its operational
and financial transparency.
($1 = 7.7805 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)