News Snapshot:
China Three Gorges Renewables Group is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval. The unit of China Three Gorges Corporation plans to sell up to 8.57 billion shares in Shanghai, it said in a prospectus filed to the Shanghai Stock Exchange, without giving the value of the funds to be raised. The state-owned company has received written approval from China’s securities regulator, according to a China Securities and Regulatory Commission statement Friday. China Three Gorges Renewables announced last year it was seeking to raise 25 billion yuan...
