Editorial Summary

Huadian Power International (1071.HK) will start its initial IPO price inquiry on Monday, Shanghai Securities News reports. Huadian Power International is the first company to start an A-share IPO after China Securities Regulatory Commission suspended IPOs in China in late 2004 to overhaul the system. Huadian Power International will issue no more than 765 million A-shares. The leading underwriter China International Capital Corporation (CICC) will contact 77 institutional investors in Beijing, Shanghai and Shenzhen from Monday until Wednesday to inquire about the proper IPO price. Huadian Power International will issue no more than 196 million shares to its largest shareholder China Huadian Corporation. According to the prospectus, China Huadian Corporation's share in Huadian Power International will drop from 53.56 percent to 50.01 percent after the IPO.