In December, our company, the world’s second biggest mining group in terms of market value, debuted on the Hong Kong Stock Exchange. The listing involves common depositary receipts (ticker 6210) and Class A preferred depositary receipts (ticker 6230) in the company.
Vale is the largest non-financial Western company to go public in Hong Kong, and this is the first listing of Hong Kong Depositary Receipts (HDRs) on the HKSE. Following its secondary listing of HDRs on the HKSE, Vale’s shares will now be traded practically 24 hours a day.
In recent years, Vale has considerably expanded its business in Asia, particularly China, and it expects this trend to continue in the coming years. Vale is China’s leading supplier of minerals and metals, and the company’s growing commercial presence in the country is part of its development strategy.
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