Three Chinese companies seeking almost $10b from Hong Kong IPOs

CGN Power, Hong Kong Airlines and Dalian Wanda Commercial Properties are seeking a total of nearly US$10 billion in initial public offerings in Hong Kong before the year’s end, The Wall Street Journal reported. Guangdong-based CGN, China’s largest nuclear-plant operator by installed capacity, plans to seek approval Thursday from the Hong Kong Stock Exchange for a US$3 billion IPO that could take place next month; Dalian Wanda’s real estate arm is seeking US$6 billion, while Hong Kong Airlines is looking to drum up US$500 million.