RUSAL dives 9 pct as worries dog Hong Kong debut
* RUSAL shares down 9 percent from HK$10.80 IPO price
Read more on Reuters via Yahoo! Singapore News
Rusal’s Hong Kong IPO Said to Be Fully Subscribed (Update1)
Rusal’s Hong Kong IPO Said to Be Fully Subscribed (Update1)
Jan. 15 (Bloomberg) — United Co. Rusal, seeking to raise as much as HK$20.1 billion ($2.6 billion) selling shares in Hong Kong, won pledges from investors equal to all the stock it’s offering, said two people familiar with the matter.
Read more on Bloomberg
Li Ka-shing’s Cheung Kong to Buy Shares in Rusal IPO (Update2)
Li Ka-shing’s Cheung Kong to Buy Shares in Rusal IPO (Update2)
Jan. 14 (Bloomberg) — Cheung Kong (Holdings) Ltd. , controlled by billionaire Li Ka-shing , will buy $100 million worth of shares in United Co. Rusal Ltd.’s initial public offering in Hong Kong.
Read more on Bloomberg
Hong Kong Discount to Chinese Stocks May Disappear (Update2)
Hong Kong Discount to Chinese Stocks May Disappear (Update2)
Jan. 11 (Bloomberg) — China’s approval for short sales and stock index futures paves the way for foreign investors to bet on a convergence in valuations between Shanghai and Hong Kong.
Read more on Bloomberg