The company, to be listed as CHC, said it expects to raise net proceeds of approximately $35.1M from the IPO, after deducting expenses. As well as the acquisition of hydro assets, the company will also use the proceeds for working capital and general corporate purposes.
China Hydroelectric Corp is a consolidator, operator and developer of hydro power plants in China. It was formed in July 2006 to acquire existing small hydro assets in China.
