It’s the beginning of October 1994, Huaneng Power International (HPI), an independent power producer in the People’s Republic of China (PRC), is to raise funds for the construction of new power plants in the process of executing a global capital. The company plans to use the new shares through an American Depositary Receipt program on the New York Stock Exchange list. The company has reduced resistance to the price range for the problem is due to poor market conditions and investor recently the price … Read more »

It’s the beginning of October 1994, Huaneng Power International (HPI), an independent power producer in the People’s Republic of China (PRC), is to raise funds for the construction of new power plants in the process of executing a global capital. The company plans to use the new shares through an American Depositary Receipt program on the New York Stock Exchange list. The company has reduced resistance to the class in the preliminary prospectus for the issue due to poor market conditions and investor recently the price. The student must decide how HPI management if the new offer price and the choice of exchange listing is reasonable in light of recent market events and the political, economic, social and technological environment in the PRC.
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from
Stephen R. Foerster,
Andrew Karolyi,
Jerry White
Source: Ivey Publishing
26 pages.
Release Date: 02 February, 1998. Prod #: 98N001-PDF-ENG
Huaneng Power International, Inc.: Raising Capital in Global Markets HBR case solution

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