Kazakhmys sets sights on secondary Hong Kong listing by July
Astana. May 16. INTERFAX-KAZAKHSTAN - Kazakhmys Plc, a natural resources group operating in Kazakhstan and the surrounding region, expects to complete a secondary listing of its ordinary shares on the Hong Kong Stock Exchange by the end of June.
The firm is presently listed on the London Stock Exchange and the Kazakh Stock Exchange.
"The secondary listing will provide the company with an additional source of capital, as well as access to a wider range of institutional and retail investors. The listing will enhance the company's profile in China and Asia in general," a press release said.
Subject to prevailing market conditions, the listing may be accompanied by an issue of new shares to assist liquidity on the Hong Kong Stock Exchange.
Kazakhmys PLC has interests in copper, gold, zinc, silver, power generation and petroleum.