DOCSLIB.ORG

Vpower Group International Holdings Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Vpower Group International Holdings Limited HongKong_PPTUSCover_1107_R13_OP.pdf 1 8/11/2016 上午9:39 偉能集團國際控股有限公司 VPower Group International Holdings Limited International Group VPower VPower Group International Holdings Limited 偉能集團國際控股有限公司 (Incorporated under the laws of the Cayman Islands with limited liability) Stock Code: 1608 GLOBAL OFFERING C M Y CM MY CY CMY K Joint Sponsors and Joint Global Coordinators Joint Bookrunners and Joint Lead Managers (in alphabetical order) IMPORTANT IMPORTANT: If you are in any doubt about the contents of this prospectus, you should seek independent professional advice. VPower Group International Holdings Limited (Incorporated under the laws of the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares under the : 560,000,000 Shares (subject to adjustment and the Over- Global Offering allotment Option) Number of Hong Kong Offer Shares : 56,000,000 Shares (subject to adjustment) Number of International Offer Shares : 504,000,000 Shares (subject to adjustment and the Over- allotment Option) Maximum Offer Price : HK$3.47 per Offer Share plus brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars, subject to refund on final pricing) Nominal value : HK$0.1 per Share Stock code : 1608 Joint Sponsors & Joint Global Coordinators (in alphabetical order) Joint Bookrunners & Joint Lead Managers (in alphabetical order) Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, having attached thereto the documents specified in the section headed “Documents Delivered to the Registrar of Companies and Available for Inspection” in Appendix V to this prospectus, has been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). The Securities and Futures Commission of Hong Kong and the Registrar of Companies in Hong Kong take no responsibility for the contents of this prospectus or any of the other documents referred to above. The Offer Price is expected to be determined by agreement between us and the Joint Global Coordinators (on behalf of the Underwriters) on or about Friday, November 18, 2016 and, in any event, not later than Wednesday, November 23, 2016. The Offer Price will be not more than HK$3.47 per Offer Share and is currently expected to be not less than HK$2.78 per Offer Share, unless otherwise announced. Investors applying for the Hong Kong Offer Shares must pay, on application, the maximum Offer Price of HK$3.47 per Offer Share, together with brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price is less than HK$3.47 per Offer Share. If, for any reason, the Offer Price is not agreed between us and the Joint Global Coordinators (on behalf of the Underwriters) on or by Wednesday, November 23, 2016 (Hong Kong time), the Global Offering (including the Hong Kong Public Offering) will not proceed and will lapse. The Joint Global Coordinators (on behalf of the Underwriters), with our consent, may reduce the indicative Offer Price range stated in this prospectus and/or reduce the number of Offer Shares being offered pursuant to the Global Offering at any time on or prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, notices of the reduction of the indicative Offer Price range and/or the number of Offer Shares will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) not later than the morning of the last day for lodging applications under the Hong Kong Public Offering. Further details are set out in the sections headed “Structure of the Global Offering” and “How to Apply for the Hong Kong Offer Shares” in this prospectus. Prior to making an investment decision, prospective investors should consider carefully all of the information set out in this prospectus, including the risk factors set out in the section headed “Risk Factors” in this prospectus. The obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement are subject to termination by the Joint Global Coordinators (on behalf of the Underwriters) if certain grounds arise prior to 8:00 a.m. on the Listing Date. Such grounds are set out in the section headed “Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering — Hong Kong Underwriting Agreement — Grounds for Termination” in this prospectus. It is important that you refer to that section for further details. The Offer Shares have not been and will not be registered under the U.S. Securities Act or any state securities law in the United States and may not be offered, sold, pledged or transferred within the United States or to, or for the account or benefit of U.S. persons, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being offered and sold (1) solely to QIBs as defined in Rule 144A pursuant to an exemption from registration under the U.S. Securities Act and (2) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act. We confirm that the logo shown on the cover is a registered trademark of our Company. November 14, 2016 EXPECTED TIMETABLE(1) Latest time for Eligible Employees to lodge PINK Application Forms ................................................... 5:00 p.m. on Wednesday, November 16, 2016 Latest time for completing electronic applications under White Form eIPO service through the designated website www.eipo.com.hk(2) ...................................... 11:30 a.m. on Thursday, November 17, 2016 Application lists open(3) .................................... 11:45 a.m. on Thursday, November 17, 2016 Latest time for lodging WHITE and YELLOW Application Forms ................................................... 12:00 noon on Thursday, November 17, 2016 Latest time for giving electronic application instructions to HKSCC(4) ................................................ 12:00 noon on Thursday, November 17, 2016 Latest time for completing payment of WHITE FORM eIPO applications by effecting internet banking transfer(s) or PPS payment transfer(s) ....................................... 12:00 noon on Thursday, November 17, 2016 Application lists close(3) .................................... 12:00 noon on Thursday, November 17, 2016 Expected Price Determination Date(5) ........................ Friday, November 18, 2016 (1) Announcement of the Offer Price, the level of indications of interest in the International Offering, the level of applications in the Hong Kong Public Offering and the Employee Preferential Offering and basis of allocation of the Hong Kong Offer Shares and the Employee Reserved Shares under the Hong Kong Public Offering and the Employee Preferential Offering will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) on or before .............. Wednesday, November 23, 2016 (2) Results of allocations in the Hong Kong Public Offering and the Employee Preferential Offering (with successful applicants’ identification document numbers, where appropriate) will be available through a variety of channels as described in the section headed “How to Apply for the Hong Kong Offer Shares — 11. Publication of Results” in this prospectus from ..................... Wednesday, November 23, 2016 (3) A full announcement of the Hong Kong Public Offering and the Employee Preferential Offering containing (1) and (2) above will be published on the website of the Hong Kong Stock Exchange at www.hkexnews.hk and our website at www.vpower.com from .................... Wednesday, November 23, 2016 –i– EXPECTED TIMETABLE(1) Results of allocations in the Hong Kong Public Offering and the Employee Preferential Offering will be available at www.iporesults.com.hk with a “search by ID” function from . Wednesday, November 23, 2016 Dispatch/collection of Share certificates in respect of wholly or partially successful applications pursuant to the Hong Kong Public Offering and the Employee Preferential Offering on or before(6) .................................................. Wednesday, November 23, 2016 Dispatch/collection of refund cheques and White Form e-Refund payment instructions in respect of wholly or partially successful applications (if applicable) or wholly or partially unsuccessful applications pursuant to the Hong Kong Public Offering and the Employee Preferential Offering on or before(7)(8) ............... Wednesday, November 23, 2016 Dealings in the Shares on the Hong Kong Stock Exchange expected to commence on .................................. Thursday, November 24, 2016 Notes: (1) All times refer to Hong Kong local time, except as otherwise stated. (2) You will not be permitted to submit your application through the designated website after 11:30 a.m. on the last day for lodging applications. If you have already submitted your application and obtained an application reference number from the designated website prior to 11:30 a.m., you will be permitted to continue the application process (by completing payment of application monies) until 12:00 noon on the last day of lodging applications, when the application lists close. (3) If there is a tropical cyclone warning signal number 8 or above, or a “black” rainstorm warning in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon on Thursday, November 17, 2016, the application lists will not open on that day. Please refer to the section headed “How to Apply for the Hong Kong Offer Shares – 10. Effect of Bad Weather on the Opening of the Application Lists” in this prospectus.
Load more

Recommended publications
  • Annual Report 2019 Mobility
    (a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Annual Report Annual Report 2019 Mobility 2019 for Future Connection Important 1 The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2 This report has been considered and approved at the seventeenth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3 Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the China Accounting Standards for Business Enterprises in accordance with PRC Auditing Standards. 4 Liu Hualong, the Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5 Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6 The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all Shareholders based on the total share capital of the Company of 28,698,864,088 shares as at 31 December 2019.
    [Show full text]
  • If You Want to Get Rich, First Build a Road
    If you want to get rich, first build a road A study on Chinese trade network building in Eurasia Marcus Syk Supervisor: Fredrik Sjöholm Department of Economics, Lund University NEKH01, Bachelor’s Thesis May 2018 Abstract This paper examines the effect of Chinese OFDI on China’s bilateral trade with affected countries, to investigate the possible build-up of a Eurasian China-centric trade network. The main contribution of the paper is to have combined economics, war theory and geopolitics to analyse and produce a theoretical framework for it. Whereas there is a lack of consensus on the effect of FDI on trade in general, this study suggests that the influence of the CCP over the Chinese economy allows the party to use Chinese OFDI for its own interests. Furthermore, trade has become a vital interest to the CCP. Another problem for the CCP is the increasing geopolitical tension with primarily USA. According to this paper, the formation of a China- centred trade network would help the Chinese domestic economic situation, increase Chinese influence in Asia and increase the economic resilience of China. All this would help address the aforementioned concerns facing the party. This was tested empirically using a modified version of the gravity model of trade. The result was in line with the theoretical prediction but not in line with the prediction of the gravity model. This could not be explained but was still taken to support the theory, thus opening for future studies on the subject. Keywords: OFDI, trade, China, Belt and Road Initiative, China-centric trade network Acknowledgments Warm thanks are in due place to all the people who have helped with the composing of this mediocre piece of academic work.
    [Show full text]
  • Credit Analysis of China's Construction Companies
    Credit Analysis of China’s Construction Companies October 13, 2020 ANALYSTS Key Takeaways Yingxue Ren Beijing ― From our desktop analysis of 53 engineering and construction (E&C) companies, we +86 10 6516 6037 found that apart from the centrally administered state-owned construction firms, some Yingxue.Ren state-owned construction subsidiaries, locally administered state-owned construction @spgchinaratings.cn firms and privately-owned enterprises (POEs) also stand out with better indicative credit quality among their peers due to their relatively large business scale, better operating Renyuan Zhang Beijing efficiency or lower financial risk. +86-10 6516 6028 renyuan.zhang ― We view the industry risk for the E&C industry is moderately high due to intense @spgchinaratings.cn competition and intermediate cyclicality. Kexin Wang ― Construction firms tend to have relatively lower profitability due to intense competition. Beijing Therefore, we view scale, scope and diversity as well as operating efficiency as important +86 10 6516 6033 factors on the business risk profiles of firms in this industry. Kexin.Wang @spgchinaratings.cn ― Under current market conditions, cash conversion efficiency (inventory and account receivable turnover), as well as the extent of PPP (public private partnership) and other Huang Wang investment programs are the main factors influencing construction company’s leverage. Beijing +86 10 6516 6029 Huang.Wang @spgchinaratings.cn Overview Through analysis of the business and financial metrics of construction companies, this report aims to provide an overview of our general approach to the engineering and construction sector, as well as providing insight into the key factors that influence credit quality in the industry. By applying our corporate ratings methodology to public information, we have carried out a desktop analysis of 53 companies in the construction sector, arriving at an initial overview of the relative ranking of each company’s credit quality, or their “indicative issuer credit quality”.
    [Show full text]
  • Chinese-Mandarin
    CHINESE-MANDARIN River boats on the River Li, against the Xingping oldtown footbridge, with the Karst Mountains in the distance, Guangxi Province Flickr/Bernd Thaller DLIFLC DEFENSE LANGUAGE INSTITUTE FOREIGN LANGUAGE CENTER 2018 About Rapport Predeployment language familiarization is target language training in a cultural context, with the goal of improving mission effectiveness. It introduces service members to the basic phrases and vocabulary needed for everyday military tasks such as meet & greet (establishing rapport), commands, and questioning. Content is tailored to support deploying units of military police, civil affairs, and engineers. In 6–8 hours of self-paced training, Rapport familiarizes learners with conversational phrases and cultural traditions, as well as the geography and ethnic groups of the region. Learners hear the target language as it is spoken by a native speaker through 75–85 commonly encountered exchanges. Learners test their knowledge using assessment questions; Army personnel record their progress using ALMS and ATTRS. • Rapport is available online at the DLIFLC Rapport website http://rapport.dliflc.edu • Rapport is also available at AKO, DKO, NKO, and Joint Language University • Standalone hard copies of Rapport training, in CD format, are available for order through the DLIFLC Language Materials Distribution System (LMDS) http://www.dliflc.edu/resources/lmds/ DLIFLC 2 DEFENSE LANGUAGE INSTITUTE FOREIGN LANGUAGE CENTER CULTURAL ORIENTATION | Chinese-Mandarin About Rapport .............................................................................................................
    [Show full text]
  • Vote Summary Report Date Range Covered: 06/01/2019 to 06/30/2019
    Voting summary June 2019 Vote Summary Report Date range covered: 06/01/2019 to 06/30/2019 Wipro Limited Meeting Date: 06/01/2019 Country: India Meeting Type: Special Ticker: 507685 Proposal Vote Number Proposal Text Mgmt Rec Instruction Postal Ballot 1 Approve Buyback of Equity Shares For For 2 Elect Arundhati Bhattacharya as Director For For China Merchants Port Holdings Co., Ltd. Meeting Date: 06/03/2019 Country: Hong Kong Meeting Type: Annual Ticker: 144 Proposal Vote Number Proposal Text Mgmt Rec Instruction 1 Accept Financial Statements and Statutory For For Reports 2 Approve Final Dividend For For 3Aa Elect Wang Zhixian as Director For Against 3Ab Elect Zheng Shaoping as Director For For 3Ac Elect Lee Yip Wah Peter as Director For For 3Ad Elect Bong Shu Ying Francis as Director For For 3B Authorize Board to Fix Remuneration of For For Directors 4 Approve Deloitte Touche Tohmatsu as Auditor For For and Authorize Board to Fix Their Remuneration 5A Approve Grant of Options Under the Share For Against Option Scheme 5B Approve Issuance of Equity or Equity-Linked For Against Securities without Preemptive Rights 5C Authorize Repurchase of Issued Share Capital For For 5D Authorize Reissuance of Repurchased Shares For Against Vote Summary Report Date range covered: 06/01/2019 to 06/30/2019 China Oriental Group Company Limited Meeting Date: 06/03/2019 Country: Bermuda Meeting Type: Annual Ticker: 581 Proposal Vote Number Proposal Text Mgmt Rec Instruction 1 Accept Financial Statements and Statutory For For Reports 2 Approve Final Dividend
    [Show full text]
  • Pengyuan Credit Rating (Hong Kong) Co.,Ltd
    Corporate China CRRC Corporation Limited Ratings Overview Issuer Rating ▪ Pengyuan International has assigned a first-time global scale long-term issuer LT Issuer Credit Rating AA- credit rating (LTICR) of ‘AA-’ to CRRC Corporation Limited (CRRC). This is equivalent to a long-term China national scale rating of ‘AAAcn’. The outlook LT China National Scale AAAcn is stable. Outlook Stable ▪ CRRC’s issuer credit rating is derived from the ‘a’ standalone credit profile (SACP) and our assessment of the central government’s extremely strong willingness to support in the event of a financial distress. CRRC is 51.19% Contents owned by CRRC Group Corporation, which is 100% owned by the Chinese central government. Its credit profile is closely linked to the creditworthiness of China’s central government (AA/stable). Key Rating Drivers .........................2 ▪ The SACP of CRRC is supported by its strategic importance in the domestic Business Profiles ...........................3 rail transit equipment market, and is constrained by its relatively high Financial Profile .............................5 geographic and customer concentration. Government Support .....................6 Rating Outlook Liquidity .........................................7 Company Background ...................7 ▪ The stable outlook for CRRC reflects our expectation that the Company will continuously maintain its strategic importance in domestic rail transit Peer comparison ...........................7 equipment market and our assessment of extremely strong central Rating
    [Show full text]
  • 2020 Annual Results Announcement
    B_table indent_3.5 mm N_table indent_3 mm Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3898) 2020 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of Zhuzhou CRRC Times Electric Co., Ltd. (the “Company” together with its subsidiaries, the “Group”) is pleased to announce the audited results of the Group for the year ended 31 December 2020. This announcement, containing the main text of the 2020 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of annual results. The 2020 annual report of the Company will be despatched to the H-Share holders of the Company and will also available for viewing on the website of the Stock Exchange at http://www.hkex.com.hk and on the website of the Company at http://www.tec.crrczic.cc on or before 30 April 2021. By order of the Board Zhuzhou CRRC Times Electric Co., Ltd. Li Donglin Chairman Zhuzhou, China, 30 March 2021 As at the date of this announcement, our chairman of the Board and executive director is Li Donglin, our vice chairman of the Board and executive director is Liu Ke’an, our other executive directors are Shang Jing and Yan Wu, our non-executive director is Zhang Xinning, and our independent non-executive directors are Chan Kam Wing, Clement, Pao Ping Wing, Liu Chunru, Chen Xiaoming and Gao Feng.
    [Show full text]
  • Annual Report 2019Report Annual 年度報告 Contents
    2019 Annual Report Hope Education Group Co., Ltd. 希望教育集團有限公司 2019 Annual Report 年度報告 Contents Page 2 Corporate Information 4 Our Schools 5 Chairman’s Statement 7 Financial and Business Summary 10 Management Discussion and Analysis 28 Directors and Senior Management 37 Report of Directors 72 Corporate Governance Report 88 ESG Report 118 Independent Auditor’s Report 132 Notes to Financial Statements 233 Definitions CORPORATE INFORMATION BOARD OF DIRECTORS AUTHORIZED REPRESENTATIVES Executive Directors Mr. Li Tao Ms. Leung Wing Han Sharon Mr. Xu Changjun (Chairman) Mr. Wang Huiwu (Chief Executive Officer) JOINT COMPANY SECRETARIES Mr. Li Tao Mr. Huang Zhongcai Non-executive Directors Ms. Leung Wing Han Sharon Mr. Wang Degen REGISTERED OFFICE Mr. Lu Zhichao Mr. Tang Jianyuan PO Box 309, Ugland House Grand Cayman, KY1-1104 Independent Non-executive Directors Cayman Islands Mr. Zhang Jin HEADQUARTERS AND PRINCIPAL PLACE Mr. Chen Yunhua OF BUSINESS IN CHINA Dr. Gao Hao 5/F, Administrative Building Audit Committee Sichuan TOP IT Vocational Institute 2000 Xi Qu Avenue, Pidu District Mr. Zhang Jin (Chairman) Chengdu Mr. Lu Zhichao PRC Mr. Tang Jianyuan Mr. Chen Yunhua PRINCIPAL PLACE OF BUSINESS Dr. Gao Hao IN HONG KONG Nomination and Remuneration Committee 40th Floor, Sunlight Tower No. 248 Queen’s Road East Mr. Chen Yunhua (Chairman) Wanchai, Hong Kong Mr. Wang Huiwu Dr. Gao Hao LEGAL ADVISOR AS TO HONG KONG LAW Strategy and Development Committee William Ji & Co. LLP (in association with Tian Yuan Law Firm Hong Kong Office) Mr. Wang Huiwu (Chairman) Suite 702, 7th Floor Mr. Xu Changjun Two Chinachem Central Mr. Wang Degen 26 Des Voeux Road Central Mr.
    [Show full text]
  • Grosskreditanzeige Fondswährung: HKD Berichtswährung: EUR Deka MSCI China Ex a Shares UCITS ETF
    Stichtag: 21.11.2019 Grosskreditanzeige Fondswährung: HKD Berichtswährung: EUR Deka MSCI China ex A Shares UCITS ETF Vollständige Durchschau gemäß Art. 390 Absatz 7 CRR i.V.m. Art. 6 Absatz 1 der delegierten Verordnung (EU) 1187/2014 In der nachfolgenden Aufstellung werden für eigene Fonds die über WM Datenservice öffentlich zugänglichen Konzernverflechtungen ausgewiesen. Für Fremdfonds werden die Angaben der jeweiligen Kapitalanlagegesellschaft übernommen. Die Bildung der Kreditnehmereinheit / Gruppe verbundener Kunden gemäß Artikel 4 (1) Nr. 39 CRR obliegt dem Kreditinstitut und kann abweichen. Hiermit bestätigen wir Ihnen, dass der Fonds unseres Erachtens keine zusätzlichen Risiken aus der Struktur des Geschäfts gem. Artikel 7 Absatz 1 der EU-VO Nr. 1187/2014 aufweist. Einzelaufstellung ISIN Gattung Whg. Nominale Ausf.- Tageswert Stückzins/ % FV Add-On Bemessungs- % Bem.- anzur. Betrag Risko- KSA-Wert risikop. Dividende grundl. grundl. % % FV* gew. % in 1000 KYG8875G1029 3SBio Inc. Reg.Shares HKD 55.500 B 78.580,90 0,00 0,120 78.580,90 0,120 100 0,120 100 79 Emittent 767246 3SBio Inc. 78.580,90 0,00 0,120 78.580,90 0,120 0,120 79 Konzern 767246 3SBio Inc. 78.580,90 0,00 0,120 78.580,90 0,120 0,120 79 US3168271043 51Job Inc. Reg.Shares (Sp.ADRs) USD 1.090 B 77.000,94 0,00 0,118 77.000,94 0,118 100 0,118 100 77 Emittent 232301 51Job Inc. 77.000,94 0,00 0,118 77.000,94 0,118 0,118 77 Konzern 232301 51Job Inc. 77.000,94 0,00 0,118 77.000,94 0,118 0,118 77 US31680Q1040 58.com Inc.
    [Show full text]
  • E Fund Investment Fund Series Reports and Financial
    E FUND INVESTMENT FUND SERIES REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 E FUND RMB FIXED INCOME FUND E FUND RMB MAINLAND CHINA BOND FUND (Sub-funds of E Fund Investment Fund Series) E FUND RMB FIXED INCOME FUND E FUND RMB MAINLAND CHINA BOND FUND (Sub-funds of E Fund Investment Fund Series) REPORTS AND FINANCIAL STATEMENTS Contents Pages Management and administration ................................................................................................... 1 Report of the Manager .................................................................................................................... 2 - 3 Report of the Trustee ....................................................................................................................... 4 Independent Auditor’s Report ........................................................................................................ 5 - 6 Statement of Financial Position ..................................................................................................... 7 Statement of Comprehensive Income ............................................................................................ 8 Statement of Changes in Net Assets Attributable to Unitholders................................................. 9 Statement of Cash Flows ................................................................................................................. 10 Notes to the Financial Statements .................................................................................................
    [Show full text]
  • Historical Dictionary of the Chinese Economy
    The historical dictionaries present essential information on a broad range of subjects, including American and world history, art, business, cities, countries, cultures, customs, film, global conflicts, international relations, literature, music, philosophy, religion, sports, and theater. Written by experts, all contain highly informative introductory essays on the topic and detailed chronologies that, in some cases, cover vast historical time periods but still manage to heavily feature more recent events. Brief A–Z entries describe the main people, events, politics, social issues, institutions, and policies that make the topic unique, and entries are cross-referenced for ease of browsing. Extensive bibliographies are divided into several general subject areas, provid- ing excellent access points for students, researchers, and anyone wanting to know more. Additionally, maps, photographs, and appendixes of supplemental information aid high school and college students doing term papers or introductory research projects. In short, the historical dictionaries are the perfect starting point for anyone looking to research in these fields. HISTORICAL DICTIONARIES OF ASIA, OCEANIA, AND THE MIDDLE EAST Jon Woronoff, Series Editor Guam and Micronesia, by William Wuerch and Dirk Ballendorf. 1994. Palestine, by Nafez Y. Nazzal and Laila A. Nazzal. 1997. Lebanon, by As’ad AbuKhalil. 1998. Azerbaijan, by Tadeusz Swietochowski and Brian C. Collins. 1999. Papua New Guinea, Second Edition, by Ann Turner. 2001. Cambodia, by Justin Corfield and Laura Summers. 2003. Saudi Arabia, Second Edition, by J. E. Peterson. 2003. Nepal, by Nanda R. Shrestha and Keshav Bhattarai. 2003. Kyrgyzstan, by Rafis Abazov. 2004. Indonesia, Second Edition, by Robert Cribb and Audrey Kahin. 2004. Republic of Korea, Second Edition, by Andrew C.
    [Show full text]
  • The PB Report 2015/2016
    The PB Report 2015/2016 A Publication of the Privatization Barometer www.privatizationbarometer.net Two Record years herald an ongoing privatization wave THE WEBSITE ON PRIVATIZATION IN EUROPE The PB Report 2015-16 Contents DATA VIEW WHAT IS THE PB REPORT? 1 1989 - 2016 Privatization in the World 3 TRENDS AND DEALS 2 World and EU Revenues 9 William L. Megginson Privatization Trends and Major Deals in 2015 and 2016 2 1977- 2016 Privatization in Europe 8 2015 & 2016 ARTICLES EU Deals, 2015 10 27 Ranking EU Countries 11 Martin Hallinger Privatization – a phase-out model in the German grid operators? 27 EU Deals, 2016 13 Ranking Non-EU Countries 14 Narjess Boubakri and Igor Oliveira Dos Santos Global Deals (ex EU), 2015 18 State Ownership, Rent Seeking and Investment Efficiency: Evidence Global Deals (ex EU), 2016 21 from natural advantage industries 31 Cheng-Han Tan State-owned enterprises in Singapore: a possible model for state capitalism? 39 The PB Report A Publication of Privatization Barometer Gabriele Lattanzio www.privatizationbarometer.net Failed Privatizations: A European Perspective 45 Founder: B. Bortolotti Xuechen Gao Scientific Advisors: Heterogeneous State Shareholders and Their Impacts 54 A. Carpinella W.L. Megginson Researchers: N. Boubakri F. Colia X. Gao M. Hallinger G. Lattanzio I. Oliveira dos Santos L. Pellizzola C.H. Tan c/o Fondazione Eni Enrico Mattei - FEEM Corso Magenta 63, 20123 Milano - Italy tel +39 | 02 | 5203.6940 fax +39 | 02 | 5203.6946 Please see important certifications and subscription information at the end of e-mail: [email protected] this issue. www.privatizationbarometer.net The PB Report 2015-16 The PB Report What is the PB Report? The PB Report is a summary on privatization activity in the enlarged European Union.
    [Show full text]