China Longyuan Power ups IPO plans to $1.3 bln

HONG KONG, Nov 9 (Reuters) - China Longyuan Power Group Corp Ltd, Asia's largest wind power generator, has nearly doubled its initial public offering target, hoping to raise about $1.3 billion in a Hong Kong IPO, sources familiar with the deal said.

The company, which started its IPO pre-marketing on Monday, plans to sell 2.1 billion shares, or 30 percent of its enlarged share capital, one of the sources said.

Longyuan initially planned to raise around $700 million in a Hong Kong IPO, sources told Reuters in July, but the company has boosted its expectations due to strong demand.

Morgan Stanley (MS.N) and UBS (UBSN.VX) are handling the deal. (US$1=HK$7.75) (Reporting by Kennix Chim, Editing by Jacqueline Wong)