Case Study

Han’s Laser (A1): Solving the cash problem (2000-2009)

4 pages
December 2010
Reference: IMD-3-2174

In April 2001, Gao was able to raise enough funds to win the bidding war and regain control Han’s Laser. But the company was still struggling with a cash shortage, so in June 2004, after a successful IPO, the company was listed on Shjenzhen Stock Exchange. By 2007 sales had more than quadrupled since the IPO and the company did not have enough factory space to fill orders. Cash was once again a problem, so the company raised money through an SEO and went on to build the largest laser production site in the world.

Learning Objective

Options for solving cash flow problems – from pawning company vehicles to the capital markets

Laser Equipment
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