Datang Raises $643 Million in Its Hong Kong IPO Sale of Huaneng Scraps

China Datang Corp. sold 2.14 billion shares at HK$2.33 apiece, after offering them in the range of HK$2.33 to HK$3.18, according to employees who asked to remain anonymous before the official announcement.

China Datang Corp. Renewable Power Co. raised the minimum $643 million sought in a Hong Kong IPO. Its rival, Huaneng Renewables Corp. called off its sale, worrying that the Chinese economy will slow down