Impressive debuts boost H shares
Article Abstract:
Shenzhen Expressway has launched its shares very successfully on the Hong Kong Stock Exchange. The issue price was HK$2.20, and this rose by 26% on the first day of trading. The company has benefited from its connections with the town of Shenzhen, China, which is currently experiencing strong growth. A successful listing in both Hong Kong and London, England, has also been made by Beijing Datang Power. This company saw its share price rise by 20% during its first day trading. A number of other Hong Kong listed China concerns are looking to raise funds.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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China state corporates seek international funds
Article Abstract:
There are now more than 100 Chinese companies planning an overseas or hard currency listing. This trend is being prompted by long-standing weakness in the equity markets. However, the unpredictable nature of the Hong Kong market is deterring other companies from following suit. Analysts believe that companies will now begin investigating other ways of obtaining cash now and floating later. These could include issuing convertible bonds, where interest payments are made until the capital can be converted into equity.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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Chemical companies to market in HK
Article Abstract:
Chinese chemical concerns are carrying out share issues. Yizheng Chemical carried out a placement in April 1995 and has issued H shares, or hong Kong listed securities. Jilin Chemical Industrial, a basic chemicals producer, has offered a 10% stake in Hong Kong. The company is expanding its manufacturing facilities for ethylene and there is concern over Jilin's debt levels. Jilin argues that its parent company has enough funding for the ethylene expansion.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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