In today’s briefing:
- Hangzhou GreatStar Industrial GDR Listing – Wider Discount Here and Momentum Has Been Strong
- Beijing SinoHytec A/H Listing – A Whole Lot of Promise but Not Much Earnings to Show for It Yet
Hangzhou GreatStar Industrial GDR Listing – Wider Discount Here and Momentum Has Been Strong
- Hangzhou Great Star Industrial Co., (002444 CH) is looking to raise around US$150m in its Swiss GDR listing. Huatai is the sole bookrunner in the deal.
- The firm is offering 11.5m GDRs (1 GDR to 5 A-shares) for sale at a 16.1-18.7% discount to last close.
- The deal would represent just 2.3 days of three month ADV and 4.3% of the firm’s current mcap.
Beijing SinoHytec A/H Listing – A Whole Lot of Promise but Not Much Earnings to Show for It Yet
- Beijing Sinohytec Co Ltd (688339 CH) (BSH) is looking to raise up to US$400m via its H-shares listing.
- BSH provides fuel cell systems in China, focusing on the design, development and manufacture of fuel cell systems and stacks mainly for commercial vehicles, such as buses and trucks.
- In this note, we talk about the company’s past performance and other deal dynamics.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
