CRP scores new China success

Investors buy into the company''s growth story as the China market continues to remain hot.

A 920 million share IPO for China Resources Power CRP was priced at the very top of its indicative price range on Friday and like PICC before it, should make a similarly impressive debut on the Hong Kong Stock Exchange when it begins trading on Wednesday. Led by BOCI and Morgan Stanley, the offering was priced at HK$2.80 per share, representing a PE ratio of 7.8 times 2005 earnings and 25% of issued share capital pre greenshoe.

...

To continue reading, please login or register for free

Click for more on: crp | scores | china | success

Print Edition

FinanceAsia Print Edition

CONFERENCES