Deals
China Power International Rises to Record on Parent’s Merger
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China Power International Development Ltd., the listed unit of China Power Investment Corp., jumped to a record Monday after its state-owned parent announced a merger with one of the country’s major nuclear power developers.
The utility surged 13 percent to HK$6.37, the highest level since listing in Hong Kong in October 2004, according to data compiled by Bloomberg. The city’s benchmark Hang Seng Index gained 0.6 percent.