Will Rusal's prospectus be delivered in a brown paper bag? The Russian aluminium company has been cleared to list shares in Hong Kong, but with an unprecedented stipulation: adults only. Restrictions in both the primary and secondary markets are designed to protect vulnerable minors. The minimum subscription will be HK$1m and the stock will trade in lots of 200,000 shares.
俄罗斯铝业(Rusal)发放招股说明书时是不是要用一个棕色纸袋装着?这家俄罗斯铝业公司已获准在香港上市,但附有一个前所未闻的条件:只限“成人”。最小认购金额为100万港元,而且股票交易单位将是每手20万股。这些对一级和二级市场的限制措施旨在保护脆弱的“未成年人”(即中小投资者:译者注)。
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