Sponsors are required to hold their stakes for at least 24 months, an arrangement virtually unheard of in global markets.
Dozens of global EV startups have raised $18 billion since 2011, including China’s big fundraisers NIO, WM Motor, Xpeng Motors and Youxia Motors.
The state-owned firm is evaluating smaller alternative transactions that exclude U.S. assets of EDP.
Qingdao Haier Biomedical Co., Sun Car Insurance Agency Co. and Certusnet Information and Technology Co. have scrapped plans to list in Hong Kong and are expected to debut on Shanghai’s new board instead.
The deal will give TPG, which has been an investor since 2006, and Piramal an opportunity to exit.
As Gree Group is controlled by the local government, the deal will require approval from the state assets regulator.
A transaction of that size would rank among the biggest commercial property deals in China by a foreign firm.
Peng’s appointment may put an end to a period of uncertainty at CIC during which several senior executives departed.
The special mode will include limits on the type of content and services that kids can access.
SDIC will no longer invest in new thermal power business, a Beijing-based spokesman said Wednesday.