Hints and tips:
...The average US home uses just under 11,000 kWh per year, or 1.25kW in an average hour. So we can probably say that 1GW is enough to power about 90,000 US homes per year under average conditions....
...Earlier this year, a report by the US National Academies of Sciences, Engineering, and Medicine advocated a programme of CDR research, development and evaluation at a cost of hundreds of millions of dollars...
...The bid came two weeks after Morrisons said it had rejected an unsolicited approach from US private equity group Clayton, Dubilier & Rice....
...The activist, who owns an 18 per cent stake in Cloudera, backs the take-private offer from KKR-CDR....
...UDG had said last week that it expected to receive a sweetened offer from CDR....
...Many large Chinese tech groups trading in the US have instead opted for secondary listings in Hong Kong. Analysts said there were drawbacks to selling equity via CDRs....
...Lenovo and Megvii plan China offeringsAs US exchanges close to some Chinese companies, two big tech groups are set to give a shot in the arm to the market for Chinese depositary receipts (CDRs)....
...Socom’s fighters include US Navy Seals, Army Green Berets and Marine Corps Raiders....
...This is something that concerns us.”...
...The shares of Ninebot surged as much as 163 per cent following the company's Rmb1.33bn ($198m) IPO, providing a strong endorsement for the concept of CDRs....
...Further to the letter from Sasha Stashwick (July 3): it’s hard to argue with the climate science that tells us that bioenergy with carbon capture and storage (BECCS) will be crucial if we are to meet the...
...Tell us below....
...While it is early days, the initiative has so far drawn a blank: while HSBC said in October it was looking at the CDR structure and could potentially be the first foreign company to make use of it, nothing...
...“No matter where they’re initially priced, sooner or later the market will bid the price up to where it’s even with the US — maybe even higher,” said Qianbo’s Mr Shu....
...“It would render CDRs useless. The CSRC [the Chinese regulator] is doing a lot of work on getting CDRs up and running. You either have the CDR or you have Stock Connect.”...
...Xiaomi needed to time its CDR issue alongside its Hong Kong listing, but that would have placed marketing of the domestic securities just as China veers into a trade war with the US, which has sent Shanghai...
...Xiaomi had staged a successful turnround, markets were buoyant and US president Donald Trump had yet to unleash a trade war. Investment bankers were pumped....
...The sudden cancellation of the CDR tranche, announced without warning on Tuesday, however, tells us that this new plan is still in its early stages and may have big challenges ahead....
...CDRs are Beijing’s bid to change that....
...CDRs are certificates backed by shares that allow investors in China to own and trade overseas-listed equity....
...The plan is modelled after the American Depository Receipts (ADR) scheme under which foreign-incorporated groups can trade in the US....
...the US Senate blocked a Trump deal to allow it to resume operations)....
...“At this critical moment in Sino-US trade relations, the global capital markets are in constant flux,” said Lei Jun, the Beijing-based company’s founder and CEO, alluding to mounting China-US tariffs....
...These CDRs are issued by a sponsor bank that holds the underlying shares in the tech company....
...Capital controls make it unlikely these will be easily interchangeable with US or HK-listed counterparts. Any onshore valuation premium is likely to push up offshore prices, all the same....
International Edition