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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

SouthGobi falls in Hong Kong debut after Rusal’s drop

Posted on 29 January 2010

From Bloomberg: SouthGobi Energy Resources Ltd., the Canada-listed mining company backed by China’s sovereign wealth fund, fell in its Hong Kong trading debut, two days after the world’s largest aluminum producer slumped on listing.

The Vancouver-based coal producer led declines among Chinese miners of the fuel, dropping as much as 16 percent after opening at HK$123.50. The stock was at HK$112.20 at 11:54 a.m. local time. SouthGobi had originally priced the shares at HK$133.50. The Hang Seng Index was down 0.2 percent………………………………..Full Article: Source


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