Exxon Mobil (XOM) has renewed it attempt to reduce its 60% stake in Hong Kong utility Castle...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) has renewed it attempt to reduce its 60% stake in Hong Kong utility Castle Peak Power by launching an auction for a 30% holding in a deal that could bring in up to $2B. Last year, the company tried and failed to sell the whole stake to CLP Holdings - which owns the other 40% of Castle Peak - and China Southern Power Grid.