Nanpo (Holdings) Ltd.: Initial Public Offering Harvard Case Solution & Analysis

Nanpo (Holdings) Ltd, Hong Kong-based Chinese food distributor, is planning for its initial public offering on the Hong Kong Stock Exchange. Nanpo was established in 1981 with the mandate to be the sole distributor of poultry, fresh fish, livestock, fruits and vegetables grown in the province of Guangdong, which borders the province of mainland China. For many years, Nanpo created a remarkable market share in many categories of food and distribution channels of the 500 wholesalers. In 1993, the Ministry of Foreign Trade and Economic Cooperation of the People's Republic of China reiterated its sole distributor status. Management Nanpo developed aggressive growth plan, which includes a new food processing facilities and forward integration in the retail and restaurant chains. Nanpo became the capital of the Hong Kong market to finance its future growth. Nanpo management decided to sail 25% of the company and is engaged in local merchant bank, Hinson capital, as its lead underwriter. Three weeks from the planned IPO, Jack Young, director Nanpo, again reviewing the details of pricing. "Hide
by Larry Wynant, Jeff Cram, Peter Yuan Source: Richard Ivey School of Business Foundation 18 pages. Publication Date: August 9, 1999. Prod. #: 99N018-PDF-ENG

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