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.

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    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...