Kazakhmys PLC Released Update on Hong Kong Listing
OREANDA-NEWS. June 1, 2011. Kazakhmys PLC ("Kazakhmys" or the "Company") announces that the Board has given final approval for the proposed listing on the Hong Kong Stock Exchange. As noted in the press release of 16 May 2011, the listing is expected to be completed by the end of June 2011.
The Board believes that issuing new shares at current share price levels would not create value for existing shareholders. The listing will, therefore, be by way of introduction and will not be accompanied by the offering of new shares.
The Board may consider issuing some shares into the
Oleg Novachuk, Chief Executive Officer of Kazakhmys PLC said: " A listing in
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