The targeted size is slightly larger than the $1.2 billion to $1.5 billion talked about during pre-marketing and follows overwhelming demand for a series of other Hong Kong IPOs in the market over the past week. ChinaÆs second largest coal producer based on revenue could be in for more of a challenge, however, after the Hang Seng Index dropped 2.9%, or 564 points, on Tuesday this week in its worst one-day performance since the September 11 terrorist attacks on New York in 2001.
The set back, which came...
¬ Haymarket Media Limited. All rights reserved.
