Temasek Said to Buy Stock in Huaneng Energy Unit Initial Public Offering

Bloomberg, 3 Dec 2010Temasek Holdings Pte and State Grid Corp. of China will buy a combined $110 million of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, two people with knowledge of the transaction said. Temasek, Singapore’s state investment company, will take a $50 million stake in Huaneng Renewables Corp.’s IPO in Hong Kong .... Full story