Chaowei Power Holdings, a manufacturer of lead-acid motive batteries for electric bikes, is going ahead with its listing plans even though the volatile market environment continues to claim victims among other listing candidates. The latest company to withdraw a share offer from the Hong Kong market is Xinjiang Goldwind Science Technology, a manufacturer of wind turbine generators, which was aiming to raise up to $1.2 billion through a deal due to price last Friday see separate story on our website today.
Chaowei is also seemingly not deterred by a recent profit-warning by another Hong Kong-listed company in the same industry, perhaps seeing this as an opportunity to capture investors who may be looking for...
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