China General Nuclear Corp. (CGN) will take its applied nuclear technology assets onto the Chinese A-Share market after a recent deal between CGN subsidiary China General Nuclear Applied Technology Corp. (CGNAT) and Shenzhen-listed Dalian International Corp. According to Dalian International's security filings published Mar. 6, the company will spend 4.2 billion yuan ($645 million) to acquire seven subsidiaries of CGNAT involved in non-nuclear power business units such as isotopes, accelerators, irradiation processing and high-tech materials production. Dalian International plans to finance the deal by kicking off a private placement to investors including CGNAT. After the completion of the deal, CGNAT will hold 61.1% shares of Dalian International, which means CGN will become the actual holder of this listed company. This deal marks the fourth listing of a company under the CGN umbrella and is in line with government policy of encouraging state-owned enterprises to reform and increase listed assets. CGN's other listings, on the Hong Kong exchange, include CGN Mining, CGN New Energy (formerly CGN Meiya) and CGN Power (NIW Oct.2'15).
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