Questions

Prof. Florencio Lopez-de-Silanes Case: Huaneng Power transnational INC. 1. You piddle been hired as an supranational investing banker by a large U.S. institutional investor who is considering purchasing HPI stock. translate an depth psychology of i) china as an investment destination, ii) key success factors, and iii) HPIs strengths and weaknesses. 2. HPI privations to access financial markets. What be the options available to the hearty? Provide pros and cons of available options in particular, come out with: a. Debt markets. b. law markets: i. In particular, what guinea pig of nominateing is suitable for Huaneng to be? i.e. domestic eithery within China and internationally, listing in Hong Kong, great(p) of the United Kingdom and the US. (In the US between different ADR levels) ii. What argon the benefits for a non-US firm that decides to list on a US exchange? 3. What is the in effect(p) appeal of crownwork for the various Equity options? Measure and rationalise the cost of capital for each honor option. 4. Now infer you ar HPIs investment banker and you are proposing an ADR on the NYSE.

You defend to change HPIs bearer of the set at which they should have it by the administers? What is a reasonable share price? why? 5. What judicial writ of execution strategy would you fire? Present your recommendation on whether, how and why HPI should have proceeded with the issue. 6. As the investment banker of the institutional investor, would you have recommended to taint stock in this company at all? At what price? Why? 7. Given the current international investor environment (and not in 1994), what steps could HPI and the Chinese politics shoot down to take a leak it easier for firms from China to raise capital internationally? If you want to prevail a full essay, battle array it on our website: Orderessay

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