The comment came after reports saying CGN is considering an approach for a share of up to 49 percent in the eight power stations, which generate a fifth of the nation's electricity.
The company announced on Friday the pricing of its initial public offering of 3,000,000 Class A ordinary shares at a public offering price of per share, adding that the shares are expected to begin trading on the Nasdaq Capital Market on Feb 24 under the ticker symbol "ZCMD."
The clothes-sharing service generated buzz last week at the 2017 Asia Fashion Federation China Conference held in Hangzhou in East China's Zhejiang Province, where fashion designers from Asia gathered to discuss the latest industry trends.
The companies include China Baowu Steel Group Corp Ltd, Anshan Iron and Steel Group Corp (Ansteel Group), Shougang Group, and 12 other steel giants.
The communique listed eight priorities for 2019.
The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchange.
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The company cooperates closely with the Hong Kong government. In 2009, it received a Highways Department contract to provide engineering services for design and site investigation in another project.
The company announced its offering of approximately 7.4 million ADSs at per share, assuming the underwriters do not exercise their option to purchase additional ADSs. Traded under the symbol of "IMAB," the stock opened on an upbeat note while finishing the session lower.
The committee invited 47 non-exhibiting companies including state-owned enterprises, large private enterprises, and foreign companies to attend the ceremony.
The company has decreased its investment in traditional industries over the past decade, now only accounting for 45 percent, Wang added.