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Rusal fallout fears eased The ban on a public offering of UC Rusal (0486) shares has not dented interest by other foreign companies involved in energy and natural resources in a Hong Kong listing, according to the head of the local bourse operator. Rusal was initially allowed to sell shares to only institutional investors. Most of the companies that have expressed interest in a Hong Kong listing are in the energy and resources sector, with bases across the globe including Brazil, Nigeria, Canada and Russia, said Hong Kong Exchanges and Clearing (0388) chairman Ronald Arculli. "A Brazil-listed energy company has showed interest in listing here," Arculli said. Company representatives visited HKEx a few weeks ago together with their investment bank adviser. In a visit to Vancouver and Toronto last month, Arculli said, some firms dealing in resources mentioned their interest in listing here. And at least one or two Russian companies are also considering Hong Kong. He declined to say whether HKEx is now in direct competition with the London stock exchange, which previously dominated the listing market for resources firms. "Companies believe Asian, especially Chinese, investors, would be the main stream for the initial public offering market and the Hong Kong bourse would be their top priority,"Arculli said. HKEx will visit Nigeria this year and travel to Russia again to underline SAR's status as an international financial center. The Rusal case has not hurt sentiment, Arculli said. "Companies know it's only a special case for Rusal [that it was prohibited from selling to retail investors]," he said. Referring to the unprecedented move by the Securities and Futures Commission to freeze HK$997.4 million assets of Hontex International (0964), Arculli said:"Disclosures are mainly the responsibility of listed firms and HKEx approves their listings according to the information they provide." He said there is no likelihood that the duties of the listing division will be taken over by the SFC. Quelle: http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_i… |
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| aus der Diskussion: | Weltgrößte Aluminium-Hersteller RUSAL - neue Norilsk Nickel? |
| Autor (Datum des Eintrages): | Genrix (07.04.10 22:32:55) |
| Beitrag: | 6 von 189 (ID:39291145) |
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