China Power International, a unit of China Power Investment Corp, rose sharply on its trading debut in Hong Kong last week. The company, headed by CEO Li Xiaolin, raised US$321.1 million in the initial public offering (IPO), reported the China Daily. Shares of China Power surged 16.6% above its IPO price of HK$2.53 each…
CHINA: Power firm headed by Li Peng’s daughter rises sharply on IPO debut
Posted on October 19, 2004 by EnergyAsia