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CASE STUDY: Hopewell Highway's Rmb shares debut

Hopewell Highway's offshore renminbi equity issuance should be considered more of a marketing and branding tool than a clear view on the currency. That said, the deal will give treasurers some food for thought.
CASE STUDY: Hopewell Highway's Rmb shares debut

As the Chinese proverb goes, "the first to taste the crab was the bravest," so did Hopewell Highway Infrastructure which captured a tight window—a short-lived rebound—in the volatile Hong Kong equity market to debut a Rmb375 million shares issuance alongside its existing Hong Kong dollar stocks on November 5.

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