SHANGHAI (AFX-ASIA) – Shanghai Electric Power Co Ltd’s 1.353 billion yuan initial public offering will likely attract strong investor interest on expectations of high profitability, defensive earnings and its quick expansion in Shanghai, analysts said. (US$1=8.27 yuan). Shanghai Electric Power offered 240 million IPO A-shares at 5.80 yuan each on Oct 14 to fund investment…
CHINA: Shanghai Electric Power’s high growth seen attracting investors – analysts
Posted on October 16, 2003 by EnergyAsia