Vale lists in Hong Kong as the first South American company
Vale, a Brazilian iron ore producer, made its listing debut on the Hong Kong stock exchange this week, becoming the first South American company to trade shares on the exchange.
Vale was given HKEx approval two weeks ago to list by way of introduction. Its Hong Kong Depositary Receipts (HDRs) closed at HK$265.20 after the first day of trading on Wednesday up 1.4% on the companys Brazil-listed stock which closed at R$56.72 (HK$261.61) and up 0.7% on
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