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Reports: M&G Chemicals seeks $500-million listing in Hong Kong

5:58 AM MDT | August 14, 2013 | Francinia Protti-Alvarez

M&G Chemicals (Tortona, Italy) is preparing to list its shares on the Hong Kong Stock Exchange, according to various financial newspapers. The company is seeking to raise about $500 million via an initial public offering in October this year, the reports add. M&G Chemicals submitted a listing application about one month ago, according to the reports, which cite sources close to the matter. The company selected Hong Kong for the listing because it will provide improved visibility and access to Asian markets, the reports say. M&G Chemicals has annual...

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