Chinalco keen for slimmed down HK listing
Chinalco Mining Corp International is considering re-launching a cut-size Hong Kong IPO in the next two weeks, after maintaining $300m of cornerstone interest despite the cancellation of a previous attempt in June, according to a banker close to the deal.
The mining company struggled to find demand for a $1bn deal in the summer after four weeks of pre-marketing and decided against launching a smaller deal at the time, making a concession to volatile market conditions that pushed several issuers to postpone deals.
The mining company now wants to
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