Brazilian companies plan Hong Kong Listing
Hong Kong Exchange 2-year plan includes attracting new international listings in metals, mining and energy industries.
Hong Kong Exchanges & Clearing Ltd. is currently in talks with more than one Brazilian company over potential listing, according to Lawrence Fok, the bourse’s chief marketing officer.
“There is a natural resources company from Brazil which may be interested in doing a secondary listing in Hong Kong,” Fok said at a meeting in Tokyo, citing Hong Kong Exchanges’ Chairman Ronald Arculli.
Agrifirma Brazil, a business backed by Jacob Rothschild, is hoping to become the first Brazilian company to offer shares in the city, the Financial Times reported on July 18, citing the company’s Chairman Ian Watson. Fok declined to confirm the report.
The operator of Asia’s third-biggest stock market has held talks with Brazil’s bourse over potential listing of Brazilian companies in Hong Kong and Hong Kong companies in the South American country, Arculli said on June 22. The Hong Kong Exchange is aiming to attract new international listings, particularly in the metals, mining and energy industries, according to the exchange’s 2010 to 2012 strategic plan.
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