Chinalco keen for slimmed down Hong Kong listing

17 Oct 2012

Chinalco Mining Corp International is considering relaunching a cut-size Hong Kong IPO in the next two weeks, after maintaining $300m of cornerstone interest despite cancelling 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, making a concession to volatile market conditions that pushed several issuers to postpone deals.

The miner wants to approach investors again, in an ...

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