SDIC Power : to Raise an Additional $20.1 Million in Global Depositary Receipts Over-Allotment

By Adriano Marchese

SDIC Power Holdings Co. said Friday that it will exercise an over-allotment option to offer global depositary receipts to raise an additional $20.1 million.

The Chinese power-generation company said it will issue 1.6 million GDRs at a price of $12.27 apiece.

The company noted that, including the exercise of the over-allotment option, the final total size of the offering is %220.7 million.

Goldman Sachs International is acting as the stabilizing manager in connection with the offering of GDRs.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

11-13-20 1252ET