| Beijing Yanhua Petrochemical Co Ltd. | |||
| Ticker: | BYH | ||
| Exchange: | New York Stock Exchange | Beijing, CHINA | |
| Industry: | Manufacturing (SIC Code 2821) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/4/97 | |
| U.S. Shares: | 9,108,000 | Offer Date: | 6/23/97 | |
| Non-U.S. Shares: | 11,132,000 | Filing Range: | $10.99 - $14.65 | |
| Primary Shares: | 20,240,000 | Offer Price: | $11.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $259,476,794 | Selling: | $0.33 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-4850 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| SBC Warburg & Company | Co-manager | (212) 224-7274 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | |||||
| Revenue: | $720.75 | Assets: | |||
| Net Income: | $63.93 | Curr Assets: | |||
| EPS: | $0.95 | Liabilities: | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the largest manufacturer of resins and plastics in China. The company also claims to be the largest producer of ethylene in the country, estimated to account for about 15.4% of China's total ethylene production. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |