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Stock impact report

Chinese aluminium smelter rides Hong Kong IPO wave with US$707 million fundraising [Yahoo! Finance]

HONG KONG EX&CL UNSP/ADR (HKXCY) 
NASDAQ:AMEX Investor Relations: hkexgroup.com/investor-relations?sc_lang=en
Company Research Source: Yahoo! Finance
an initial public offering (IPO) that has already drawn commitments from 18 domestic and international investors, highlighting the strong appetite in Hong Kong's buoyant fundraising market Chuangxin planned to offer 500 million shares at HK$10.18 to HK$10.99 each, with 90 per cent allocated to institutional investors and the remainder to retail investors, according to its Hong Kong stock exchange filing on Friday. The stock is expected to start trading on November 24. Switzerland-based commodity giant Glencore, Chinese investment manager Hillhouse Group, aluminium maker China Hongqiao Group, Singapore commodity trading firm Mercuria Energy Group, US asset manager Millennium Management and US quant trading firm Jane Street were among the cornerstone investors that agreed to commit around US$351 million worth of stock based on the top range of the offer price. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our Show less Read more
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