Ivey Publishing
Huaneng Power International Inc.: Raising Capital in Global Markets (Simplified Chinese version)
Product Number:
9A98NC01
Publication Date:
01/15/2003
Revised Date:
04/22/2002
Length:
17 pages (17 pages of text)
Product Type:
Case
Source:
Ivey
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.
Issues:
Disciplines:
Finance,  International
Industries:
Utilities
Setting:
China, Large, 1994
Intended Audience:
Undergraduate/MBA
Price:
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download
Associated Materials
Translations: English (22 pages)
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