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Huaneng Power International Inc.: Raising Capital in Global Markets

G. Andrew Karolyi; Stephen R. Foerster; Jerry White

商品編號:9A98N001
出版日期:1998/03/05
再版日期:2004/11/29
商品來源:Ivey
商品主題:Finance; International Business
商品類型:Case
涵蓋議題:Initial Public Offerings;Valuation;International Finance
難易度:4 - Undergraduate/MBA
內容長度:26 頁
地域:China
產業:Electric; Gas and Sanitary Services
事件年度:1994

Huaneng Power International (HPI), an independent power producer in the People's Republic of China (PRC), is in the process of executing a global equity issue to raise funds for the construction of new power plants. The company is planning to list the new shares through an American Depositary Receipt program on the New York Stock Exchange. The company has recently reduced the price of the issue due to poor market conditions and investor resistance to the price range stated in the preliminary prospectus. HPI's management must decide whether the new offer price and choice of listing exchange is reasonable in light of recent market events and the political, economic, social and technological environment in the PRC.

教學手冊:8A98N01
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