Guodian Technology and Hosa join IPO rush in Hong Kong

Guodian Technology and Environment Group yesterday launched an institutional roadshow for an initial public offering of between HK$4.49 billion and HK$5.03 billion $578 million to $647 million as the last wave of companies hoping to list in 2011 hit the market in Hong Kong.

Beijing-based Guodian Technology is the biggest provider of environmental protection and energy conservation solutions for coal-fired power plants in China, and also makes renewable energy equipment. It is part of China Guodian Group, one of China’s top five nationwide power producers, and is the sixth company in the group to seek a public listing after wind farm operator China Longyuan Power Group, which is...