Copper miner Kazakhmys is poised to set a new capital-raising trend for Kazakh corporates, having become the first company from the central Asian state to receive approval to list its shares on the Hong Kong Stock Exchange.
The listing will tap into cash-rich Chinese investor demand and further cement economic ties between the two countries.
Kazakhmys, whose primary listing is on the London Stock Exchange (LSE) where it forms part of the FTSE 100 index of leading companies, is set to raise about $200 million through the sale of a 2.25% stake in late June.
According to a Kazakhmys statement: "The listing will enhance the company’s...
