December 2010 - Asian Business Cases
Quarterly commentary with case studies from the archive of the Richard Ivey School of Business offering executives and researchers insights on business challenges in Asia.
Volume 1, Issue 7, December 2010
Hutchison Whampoa Limited: The Capital Structure Decision
In the summer of 1996, the finance department of Hutchison Whampoa, the venerable Hong Kong-based trading company, was reviewing the firm's immediate and long-term financial needs. The group had estimated that the company would require a minimum of US$500M of new capital in the coming year and would face large ongoing capital needs if the firm was to remain on the growth trajectory established in recent years. Learn More
Huaneng Power International Inc.: Raising Capital in Global Markets
In early October of 1994, Huaneng Power International Inc. (HPI) was in the process of executing a global equity issue to raise funds for the construction of new power plants. On August 30, 1994, HPI had announced that it would go public and list on the New York Stock Exchange on October 6, 1994. Learn More
Cash Technology Limited: A Chinese IPO in Singapore
Cash Technology Limited, a Chinese producer of self-service banking machines and related technology, was preparing for its initial public offering on the Singapore Exchange. The proceeds from the planned December 14, 2004 offering would finance the five-year-old, private company's expansion in the burgeoning Chinese market. Learn More
Far Eastern Textile Ltd.: The SIZeS Offering
In early January 2000, the executive committee of Far Eastern Textile Ltd. was considering a proposal by Goldman Sachs (Asia) L.L.C. to raise US$130M of capital through an innovative convertible debt instrument called a Stock Indexed Zero Coupon Security (SIZeS). Learn More
Commentary
Dr. Larry Wynant, Professor of Finance, Richard Ivey School of Business, The University of Western Ontario
China's Increasing Role in Global Capital Markets
China has been increasingly tapping into capital markets in Canada, U.S., and Europe to fund its growth and expand its profile. The following four cases illustrate the trade-offs that companies need to manage in deciding on a global capital issue.
Canada Asia Business
- Bombardier Sells 15 Q400 NextGen Aircraft to India's SpiceJet
- Lithium One Signs Joint Venture MOU with Australian Lithium Producer
- Husky Energy Signs Agreement with China National Offshore Oil Corporation for Gas Field Development
- Bombardier Signs MOU with China's Ministry of Railway to Develop Rail Network
- Fairfax Financial Holdings Limited to Acquire Malaysian Insurer
Asian Business Cases Archive
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