Questions

Prof. Florencio Lopez-de-Silanes Case: Huaneng Power International INC. 1. You piddle been hired as an international enthronement banker by a large U.S. institutional investor who is considering purchasing HPI stock. Provide an analysis 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, incur with: a. Debt markets. b. integrity markets: i. In particular, what type of listing is suitable for Huaneng to be? i.e. domestically within China and internationally, listing in Hong Kong, crownwork 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) cost of capital for the various Equity options? Measure and rationalise the cost of capital for each rectitude option. 4. Now infer you argon HPIs investment banker and you are proposing an ADR on the NYSE.

You have to convince HPIs bearer of the hurt at which they should have it off the appoints? What is a reasonable share price? wherefore? 5. What writ of execution strategy would you apprise? 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 19 94), what steps could HPI and the Chinese go! vernment shoot down to manufacture it easier for firms from China to raise capital internationally? If you want to pass away a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay