Companies
China's Shouguang moves to list in HK
Updated: 2011-01-21 14:52
(Agencies)
HONG KONG - China Shouguang Agricultural Product Logistic Park plans to apply to the Stock Exchange of Hong Kong in mid-February for a share listing, according to International Financing Review (IFR).
In another listing, Oleg Deripaska-owned EuroSibEnergo, a leading Russian hydropower utility, is bringing back its $1-1.5 billion postponed Hong Kong IPO to the market, IFR said.
The company, an agricultural products market operator, aims to raise between $800 million and $1 billion from a listing in the second quarter. BOC International, JPMorgan Chase and UBS AG are the bookrunners.
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Premarketing for EuroSibEnergo is scheduled to start after the Lunar New Year holidays.
The company postponed the deal early last December, amid a weaker tone in the region's equity markets and also having had to finalise a deal to sell a cornerstone stake to China's Yangtze Power. The company plans to float 25 percent of its shares.
BOC International, Deutsche Bank and VTB are joint global co-ordinators of the IPO. Bank of America Merrill Lynch, Credit Suisse, RBS, Renaissance Capital and Sberbank are bookrunners.
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