A Ray Of Hope For Hopewell
Gordon Wu, an outspoken Hong Kong entrepreneur who was one of the first to take on big infrastructure projects in China, has been unusually quiet lately. And little wonder. His Hopewell Holdings Ltd., once a darling of investors, and its 1993 power project spin-off, Consolidated Electric Power Asia Ltd. (CEPA), have been beset with cost overruns and delays. In August, plans for a new real estate spin-off had to be aborted because of a lack of investor interest.
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