A) Brief background of the company Sinopec Engineering (Group) Co.Ltd. (SINOPEC) was established on 3rd September 2012 which is a wholly-owned subsidiary of the Sinopec Group which focuses on providing integrated engineering services and technical patents for domestic and overseas refining and chemical engineering market. However, the group is 67%-owned subsidiary of the Sinopec Group after its IPO on 23rd May 2013. SINOPEC owns many qualifications certificated by the national government departments and international authoritative institutions such as National Development and Reform Commission. SEG has the largest market share in China’s oil-refining and petrochemical industry owned by SEG based on revenue in 2011. Sinopec Engineering (Group) …show more content…
plans to offer shares in a price range of 9 to 12 time of 2013 forecast earnings in a Hong Kong initial public offering which could raise around $2 billion. Hong Kong is one of the nation until 2011 the world's top venue for IPOs, had been attempting to attract new listings, after several new listings failed to meet expectations last year. But strong demand for the IPO of Sinopec Engineering, whose deal was several times oversubscribed. Sinopec Engineering (Group) Co Ltd initially offered the shares at price in the middle of HK$9.80 and HK$13.10 for a deal size of $1.7billion to $2.2billion. At the same time, on the final day of the book building, bankers told investors that the price would be fixed below the mid-point, in a narrower range in the middle of HK$10.50 and HK$11. Finally, the offer cost was settled at HK$10.50 every share. Based on the data above, we can see that the opening share cost of IPO Sinopec Engineering Co Ltd from HK$10.5 to HK$10.7. Finally, the offer price was fixed at HK$10.50 per …show more content…
Although solid connections to its parent may mean stable sales, analysts said that limits growth opportunities. On the other hand, an American Financier J.P. Morgan said that, "Sinopec Engineering's increasing penetration in overseas markets should emerge as a new source of growth in coming years," This indicate that Sinopec Engineering Co Ltd have potential to growth in the nearing years. The successful listing of Sinopec would be welcome news for different firms looking to tap Hong Kong's IPO market later on. III) COMPARISON WITH OTHER SIMILAR RECENT EXERCISES In this section, we compare our listing with another similar company, which is Wison Engineering Services Co. Ltd where both companies operate in the same backdrop, the oil and gas (O&G) sector. Interestingly, Wison Engineering Services Co. Ltd is also listed in the Hong Kong Stock Exchange, albeit months earlier on 28th December 2012. Companies Method of fundraising Initial public offering (IPO) Initial public offering (IPO) Listing exchange Hong Kong Main Board Hong Kong Main Board Price range (HK$) 10.50 – 11.00 2.79 – 3.53 IPO price (HK$) 10.50
Hi Cindy. I have a question about winter quarter schedule. CTSC 5310(Clinical epidemiology II) requires CTSC 5300(Introduction to Clinical Epidemiology) as a prerequisite. Would it be possible to attend these two courses at the same quarter?
Unit 12 Pass 2 When working as a support technician you will need to adhere to certain policies and procedures that the company operates on. Regardless of your particular terms of employment, it is a requirement to follow these policies, as failing to do so may cost you your position within the company. Organisational Guidelines When you join an organisation, you will be presented with a set of guidelines which explain the rules on different important aspects such as reporting faults, security and internet use.
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Regardless how much time is left in the shift,I 'd start by going over to the client who is injured and assist him. I would ensure that the client has clear airways and can breath. I would call for 9-1-1 and staff assistance. While emergency services are on the way I 'd look to see if there are any hazards in the area for us or the client. It 's important to stay calm and quiet with the client while we wait for emergency services to arrive.
1. You work as a medical researcher and have recently completed a study that shows the benefits to children of taking a daily vitamin. You want to communicate the results to two different audiences: The parents of patients at the hospital where you did the study, and the doctors there. Give an example of one way your communication to the doctors would be different from your communication to the parents. • Parents of Patients.
Colour The storage unit uses a variety of colours, this makes the design more appealing to people and stand out more. The design uses pastel colours which are soft and milky colours (teal, flesh and ochre). This makes the storage unit more warm and looks more appealing because the colours are very pleasing to look at. These colours are great for rooms with kids because they are bright and warm, it adds more energy and happiness to the design.
Responsibility I make sure that anything that I need to do gets completed efficiently and with effort. This could be doing support rooms, helping players on the forums, or finding rule breakers in-game. I will try to resolve any issue that may come my way to the best of my ability.
How Will Flooding of the Embarcadero Impact the Urban Geography of San Francisco? The mean sea level off of the coast of San Francisco has shown a clear positive increase with respect to time since 1855, according to the chart below. It is projected that the sea level of San Francisco could increase by as much as two feet in the next hundred years (National Trust for Historic Preservation, n.d.). In future years, it is impossible to deny that some of the most important coastal areas of San Francisco could be affected by rising sea levels, like the Embarcadero , a lively waterfront area at the end of Market Street in San Francisco that contributes $2.1 billion to the tourist industry (National Trust for Historic Preservation, n.d.). The map
P1: Describe customers in four different contexts: A Market: A market is a place where demand and supply operate. Buyers and sellers interact to trade their good and services. (What is a market? , n.d.)
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The article by Edwin Gay and pictures compiled by Cary Nelson are both descriptions of how the Great Depression was and the several impacts that it had on the American economy. The range of the great depression is unprecedentedly wide according to Edwin Gay. The great depression was believed to have started from the collapse of the US stock market in 1929. This was shown in a picture as compiled by Cary Nelson
Will foreign investors be interested in investing in this company? Even though PRC’s central government guaranteed a rate of return of 15% on equity financed net fixed assets (White 1998) to HPI, and certain other companies operating in the power sector, the potential risk of political changes in the future (and with that the possible loss of said guarantee) could not be fully eliminated. Thus, it was the right time for HPI to look for alternatives, especially because different PRC firms had successfully been raising equity (White,
We started by using the real estate agent data of market value of the plant. The value was around $16 million. Adding up some possible tax lien on the property and considering the transportation cost we would have to pay (Seltek plan was 70 miles away from our Headquarter), we came up with the Target price of around $16 million. This was the Target price without Petrochek patent. Rearing Petrochek patent, although Seltek would like to sell it along with the plant as a full offering package, it was not valuable for us at all.
• Are my tax and compliance obligations any better than mainland China? • How does ANZ manage the scale of the opportunity? • As a new entrant, is the FTZ a cost-effective way to conduct business? It is stated that Shanghai is likely to rival New York as a financial center and will serve as an international hub, (ANZ Banking Corporation, 2012).
However, HK plant would still be kept as a place for smaller size order and unexpected risky circumstances, which may occur in other locations. * * I agree with short term and long term relationship with HK and China. But I would like to add one more recommendation which is using HK and China based on the product categories -; HK vs. China Comparison HK China Production Manufacturing at twice the speed
(a) Background information on the companies. (Describe your companies’ profile and core business activities.) In this assignment, the 2 companies selected in a same industry are Hup Seng Industries BHD. and Apollo Food Holdings BHD.