(Yicai Global) Aug. 26 -- Shares in CGN Power surged by the 44 percent daily limit in their Shenzhen debut this morning, after opening some 20 percent higher.

The stock [SHE:003816] was trading for CNY3.59 (50 US cents) as of 11.13 a.m., up 44.18 percent after issuing over 5 billion shares at CNY2.49 a piece in its initial public offering.

The company, which is also based in Shenzhen, conducts most of its business in the nuclear power sector. It made CNY8.7 billion (USD1.2 billion) in net profit last year, down 9 percent annually, according to its prospectus

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