On December 6, 2001 HPI??s recently issued 146.605 million A-share were officially listed on the Shanghai Stock Exchange with complete success. The company??s Chairman Mr. Li Xiaopeng, President Mr. Ye Daji, Vice President Mr. Huang Long and Deputy Chief Accountant Mr. Huang Jian led a team mainly consisted of staff from the company??s finance and securities departments attended the listing ceremony. On behalf of the company, Chairman Li Xiaopeng delivered an impromptu speech. at the ceremony.
Chairman Li said in his speech that the company would never achieve its success as of today without the guidance of the government??s opening-up and reform policy, the support of government agencies concerned, the assistance and cooperation of peers enterprises, the support of the investment community, and also the hard work of the entire staff of the company. On behalf of the company, Chairman Li expressed his appreciation to all the intermediaries of this A-share issue for their great efforts, and thanked the Shanghai Stock Exchange for their support.
Chairman Li went on to say that as a listed independent power producer, the company must ensure secure and stable power generation, standardize its operations and strengthen management, aggressively and innovatively seeking new growth opportunities, enhance efficiency, maximize return to its shareholders. The company took pride in its past achievements and in the mean time remained to be fully confident of its future development. The company would strive to bring long-term and stable return to its shareholders.
On the first day of trading, HPI??s A-shares were opened at RMB13.30 per share, which was the lowest price of the day, then rallied to RMB14.07 per share and closed at RMB13.64 per share. Prior to the listing, the company issued 350 million A-shares on the domestic market from 15th through 16th November with an offering price of RMB7.95 per share.
The successful A-share listing has given the company triple listing status in New York, Hong Kong and Shanghai, created a precedent for domestic power enterprises.
