| Journal Call no. | HF331.H6A4 |
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| Author | Linn, Gene. |
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| Article Title | Managing H-shares : mainland managers shed light on Hong Kong listings / Gene Linn. |
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| Is Part Of | Amcham ; v.28, no.10, Oct 1996, p.11-12, illus. |
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| Abstract | Harbin Power Equipment listed in Hong Kong on December 16, 1994, raising US$150 million. The issue was oversubscribed 12 times. But the power equipment maker suffered a 44.9% drop in profits in the first half of 1996 to RMB 30.4 million. Yizheng Chemical Fibre listed in Hong Kong on March 29, 1994, easily selling one billion shares at HK$2.68 each. Profits plunged 75% in the first half of 1996 to RMB 212 million. The author interviews managers of these two companies on their decisions to list their companies in Hong Kong. |
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