Investors who had hoped to ease into work in the new year may have to think again -- at least if they are at all interested in initial public offerings in Hong Kong. One of the first companies to hit the market in 2010, United Company Rusal, looks set to require a fair amount of work by potential participants.
The aluminium producer will be the first Russian company to list in Hong Kong, requiring investors and analysts to get their heads around the political and economic situation in Russia and the outlook for an entirely new currency pair dollar-rouble. Rusal is also exposed to a number of company specific risks, including the fact that...
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