rusal

The decision by Russian resources firm United Company Rusal to list in Hong Kong earlier this year could herald a number of copycats in the next few years.

Panellists at the Russia investment conference arranged by AsianInvestor and FinanceAsia are optimistic that a new trend is in the making, supported by strong liquidity flows into Hong Kong.

Nick Andrews joins as global head of equities with a particular mandate to expand the firm's business in Asia.

Artem Volynets says the Russian aluminium company has 700,000 tonnes of spare capacity and is seeking project financing to restart construction of two projects that may add another 1 million tonnes.

The aluminium giant seeks to raise at least $1.89 billion and to become the first Russian company to list in Hong Kong.

CPIC sets price range at discount to Hong Kong comps and its current A-share price, while Rusal hopes for a listing approval that will allow it to go ahead with its $2 billion IPO tomorrow.