Banks endorse HK listing committee’s Rusal stance

Author: | Published: 15 Dec 2009

As Rusal’s proposed initial public offering (IPO) in Hong Kong was delayed again last week, those close to the company have endorsed the listing committee’s approach.

“It’s not fair to say that the regulators delayed the deal,” said one source. “It’s fair to say that the stock exchange has a job to do to make sure that certain requirements are met. And the Securities and Futures Commission (SFC) has an obligation to make sure that the...