China's State Grid buys biggest chunk of HK Electric's IPO

Government-owned State Grid Corp of China is coming in as the biggest cornerstone investor in Li Ka-shing-backed HK Electric Investments’ up to US$5.7 billion Hong Kong initial public offering (IPO), according to people familiar with the matter .

via Business feed http://www.scmp.com/business/article/1403210/chinas-state-grid-buys-biggest-chunk-hk-electrics-ipo