Brazil's Vale will list in Hong Kong
Monday, 6 December 2010
HONG KONG, Dec 5 (AFP): Brazil's Vale said Sunday that it would list on the Hong Kong stock exchange this week as the mining giant looks to boost its presence in key Asian markets, including China.
Sao Paulo-based Vale, the world's second-biggest mining firm, said it would list about 652 million common shares and class A preferred shares on the financial hub's bourse Wednesday. The firm is not raising new money.
Vale shares will be traded in the form of Hong Kong-dollar depositary receipts, which mirror the miner's stock, the company said.
Sao Paulo-based Vale, the world's second-biggest mining firm, said it would list about 652 million common shares and class A preferred shares on the financial hub's bourse Wednesday. The firm is not raising new money.
Vale shares will be traded in the form of Hong Kong-dollar depositary receipts, which mirror the miner's stock, the company said.