Sinohydro Plans for Largest Domestic IPO in 2011

(Beijing) -- Sinohydro Group Ltd. (SHE: 601669) plans to issue 3.5 billion shares to raise about 17.3 billion yuan in what could be China's largest initial public offering this year.

The state-controlled company plans to list on the Shanghai Stock Exchange and the IPO issue accounts for 34.65 percent of its expanded equity, Sinohydro said in its prospectus released on September 19.