The Hong Kong Stock Exchange has delayed...
quarter of 2010, when the aluminum price hits $2,500 per ton, market conditions for RusAl"s listing would be more beneficial" compared with the current price of over $2,115 per ton.RusAl has declined to comment on the information.
At the same time, one of the sources said that RusAl was continuing dialogue with the Hong Kong stock exchange and the listing committee.
"It [the listing committee] needs more time to study the documents submitted by the company owing to the fact that this is the first Russian IPO, which could set an example for other companies," the source said.
MOSCOW, December 7 (RIA Novosti)
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