Asiapower to list on SES

Sat, 23 Oct 1999 | Source: DJ

SINGAPORE (Dow Jones): Singapore's Asiapower Investments Pte. Ltd. said Friday it has received in-principle approval to list on the main board of the Stock Exchange of Singapore.

Asiapower manages and operates three power plants in China in which it owns either a majority or strategic stake.

The company posted a net income of about S$7.3 million for the financial year ended June 30, 1999 on revenue of about S$65.1 million.

Standard Chartered Merchant Bank Asia Ltd. has been appointed to manage and underwrite the initial public offering.

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