China High Speed IPO: Wind Power Wins Big

Filed in archive Venture Capital by Greg Cruey on July 6, 2007

China High Speed Transmission Equipment Group saw its share price double on Wednesday when its IPO hit the market in Hong Kong. That made it the best performing IPO on the HKEX this year.

China High Speed is the largest manufacturer of wind power transmission gears in the country and has about a 90% market share in the industry. Alternative energy sources are big business in China at the moment, but most of the recent activity has involved solar power companies. Solar energy IPOs, however, seem to have saturated U.S. markets at the moment. The last solar power IPO in the U.S. for a Chinese company was Yingli, and it closed lower at the end of its first day of trading on the NYSE. China High Speed finished the day at HK$14.00 on Wednesday - up 98% from its opening price...

Related Entries:

Love Through a High-Speed Connection - 19 April 2005
High Speed Photography - 04 January 2006
China's high-speed economy: will there be a car crash? - 01 June 2007
Hong Kong Hide-Away - 02 July 2007
St. Pancras International and the High Speed 1 - 05 December 2007
China Stocks Up 97% in Shanghai, 39% in HK for 2007 - 03 January 2008

« 9you Gets Sued as Osaka L... | Main | In Beijing: China Venture... »

Permalink: China High Speed IPO: Wind Power Wins Big

Tags: China High Speed IPO HKEX Hong Kong

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/79624

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for China High Speed IPO: Wind Power Wins Big:

Currently 10.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 10.00 out of 1 vote(s) cast.

Add your response to China High Speed IPO: Wind Power Wins Big:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (10)
Creative Weblogging (4)

This site has 538 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.