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Relayed by John Helmer in Moscow Question for Toby: has the Hong Kong Stock Exchange rejected the share listing application by United Company Rusal? Toby’s answer: Affirmative grunt. For at least two months the Hong Kong Stock Exchange and its listing division, and in parallel the state regulator, the Securities and Futures Commission (SFC) have […]

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A D V E R T O R I A L   AND IF YOU LIKE IT ENOUGH, MAYBE I’LL SELL IT TO YOU

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By John Helmer in Moscow In signals issued just ahead of today’s scheduled meeting of the Hong Kong Exchange Listing Committee, the committee announced a further postponement of its ruling on the Rusal application until December 7. The exchange has issued no public explanation. Media reports claim the reason is that the 28-member committee lacked […]

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By John Helmer in Moscow A public statement by Deputy Prime Minister Alexei Kudrin, which he then corrected a few hours later, confirms what Russia’s rival oligarch groups, including those seeking Rusal’s bankruptcy, have believed for many weeks. Oleg Deripaska, controlling shareholder of United Company Rusal, has given up control of his shares to Russian […]