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Article: METALLURGICAL CORP. EXPECTED TO MAKE DIM DEBUT IN HONG KONG
- Article from:
- AsiaInfo Services
- Article date:
- September 24, 2009
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AsiaInfo Services
09-24-2009
Metallurgical Corp. Expected to Make Dim Debut in Hong Kong
HONG KONG, Sep 24, 2009 (SinoCast Daily Business Beat via COMTEX) -- Metallurgical Corporation of China Ltd. (SHSE: 601618 and SEHK: 1618) is likely to stage a dissatisfactory performance after getting listed on the Stock Exchange of Hong Kong (SEHK) on September 24, predicted analysts on September 23.
The dual-listed metallurgical company fell below its Hong Kong initial public offering (IPO) price in the grey market trading on September 23, dragged by a consecutive decline of its renminbi-denominated A shares and a worse-than-expected debut performance of Sinopharm Group (SEHK: 1099).
Metallurgical ...