Hidili Industry International Development Limited
Encyclopedia
Hidili Industry International Development Limited , in short form Hidili Industry or Hidili, founded in 2000, is a civilian-run enterprise
in Mainland China
. It is engaged in the productions of coal
and coke
and coal-related chemicals in Sichuan
province and Guizhou Province. It was listed in Hong Kong Stock Exchange
on 21 September 2007. The founder
and the chairman of the company is Mr. Xian Yang, a former policeman in Sichuan province.
, which claimed to sell Hidili's stocks
to the public personally. Hidili later denied this advertisement. But according to Hong Kong law, it is illegal to sell the stocks of unlisted companies.
Hidili was listed in the Hong Kong Stock Exchange
on 21 September 2007. The closed price on the first trading day was HK$12.12, which was 77% greater than its IPO price, HK$6.83, but it reached about 150 P/E ratio.
On 16 October 2007, the Baring Private Equity Asia III Holding (5A) Limited, one of the shareholders which held 11% of Hidili shares, announced to sell all shares at the price between HK$13.58 and HK$14.32 via UBS. There were some worries that the share price was abnormally high currently.
Civilian-run enterprise
Civilian-run enterprise is a type of company or enterprise to describe non-public companies . In other means, privately owned companies is one of the types of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in the People's Republic of China...
in Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
. It is engaged in the productions of coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
and coke
Coke (fuel)
Coke is the solid carbonaceous material derived from destructive distillation of low-ash, low-sulfur bituminous coal. Cokes from coal are grey, hard, and porous. While coke can be formed naturally, the commonly used form is man-made.- History :...
and coal-related chemicals in Sichuan
Sichuan
' , known formerly in the West by its postal map spellings of Szechwan or Szechuan is a province in Southwest China with its capital in Chengdu...
province and Guizhou Province. It was listed in Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
on 21 September 2007. The founder
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and the chairman of the company is Mr. Xian Yang, a former policeman in Sichuan province.
History
Before being listing in Hong Kong Stock Exchange, there was an advertisement in a Hong Kong newspaperNewspaper
A newspaper is a scheduled publication containing news of current events, informative articles, diverse features and advertising. It usually is printed on relatively inexpensive, low-grade paper such as newsprint. By 2007, there were 6580 daily newspapers in the world selling 395 million copies a...
, which claimed to sell Hidili's stocks
Stocks
Stocks are devices used in the medieval and colonial American times as a form of physical punishment involving public humiliation. The stocks partially immobilized its victims and they were often exposed in a public place such as the site of a market to the scorn of those who passed by...
to the public personally. Hidili later denied this advertisement. But according to Hong Kong law, it is illegal to sell the stocks of unlisted companies.
Hidili was listed in the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
on 21 September 2007. The closed price on the first trading day was HK$12.12, which was 77% greater than its IPO price, HK$6.83, but it reached about 150 P/E ratio.
On 16 October 2007, the Baring Private Equity Asia III Holding (5A) Limited, one of the shareholders which held 11% of Hidili shares, announced to sell all shares at the price between HK$13.58 and HK$14.32 via UBS. There were some worries that the share price was abnormally high currently.