25
May
08:35
Vale exits Hong Kong Stock Exchange
Brazilian iron ore miner Vale has said it plans to delist its Hong Kong Depositary Receipts (HDRs) from the Hong Kong Stock Exchange. The company says this is part of its plan to streamline operations, Kallanish notes.
Vale currently has 259,242,052 common depositary receipts with a market capitalisation of HKD 7,569,867,918 ($974m) and 393,470,993 class A preferred receipts with a market capitalisation of HKD 9,836,774,825 listed on the exchange. These were fir…
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Anonymous
Very good overview of the weekly steel market.
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