PRC coal supplier to become first BVI company to list in Hong Kong

    October 01, 2010 | BY

    clpstaff &clp articles

    Winsway Coking Coal Holdings (Winsway) has announced its plan for a HK$5.1 billion (US$661 million) global offering on the Hong Kong Stock Exchange (HKSE).…

    Winsway Coking Coal Holdings (Winsway) has announced its plan for a HK$5.1 billion (US$661 million) global offering on the Hong Kong Stock Exchange (HKSE). It will be the first British Virgin Islands (BVI) incorporated company to list on the bourse since the HKSE approved the listing of such companies in December 2009. The trading of shares is expected to commence on October 11 2010.

    A Chinese coking coal logistics company, Winsway is partly owned by China-focused private equity fund Hopu Investments. It engages in the supply and transportation of Mongolian coking coal into China.

    The joint sponsors and joint global coordinators were Deutsche Bank and Goldman Sachs.

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