Hidili Industry International Development Limited (; ), in short form Hidili Industry or Hidili, founded in 2000, is a

civilian-run enterprise Civilian-run enterprise is a type of company or Business, enterprise to describe a non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government) in the People's Republic of China. A p ...

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 The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

on 21 September 2007. The

founder Founder or Founders may refer to: Places *Founders Park, a stadium in South Carolina, formerly known as Carolina Stadium * Founders Park, a waterside park in Islamorada, Florida Arts, entertainment, and media * Founders (''Star Trek''), the ali ...

and the

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

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 Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...

in a Hong Kong newspaper, which claimed to sell Hidili's

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

s 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

on 21 September 2007. The closed price on the first trading day was HK$12.12, which was 77% greater than its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

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 UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...

. There were some worries that the share price was abnormally high currently.

External links

Hidili Industry International Development Limited
{{Coal companies of China Companies listed on the Hong Kong Stock Exchange Coal companies of China Privately held companies of China 2000 establishments in China