PETALING JAYA: Malaysian tycoon Robert Kuok and companies owned or controlled by him, namely Kerry Trading Co Ltd, Cloud Nine Ltd and Twin Turbo Ltd, are paying US$20mil for 14.37 million shares of United Co Rusal’s US$2bil Hong Kong initial public offering (IPO).
Part of a “cornerstone” placing, it represents 0.89% of Rusal’s total share capital, according to Rusal’s prospectus.
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