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The Financial Secretary, Mr John C Tsang, and the Hong Kong business delegation met today (December 7, South Africa time) with senior executives of LontohCoal Limited.
The meeting enabled Mr Tsang and the delegation to better understand the opportunities presented by South Africa's natural resources and infrastructure developments. Mr Tsang was pleased to learn of the company's plan to open an office in Hong Kong on February 1 next year and to launch a public offering on the Hong Kong Stock Exchange.
Mr Tsang and the delegation then went to Sandton City Shopping Centre, one of South Africa's top shopping centres.
At a luncheon hosted by Investec Bank, Mr Tsang told the audience that Hong Kong is positioned front and centre in the rapid liberalisation of the Renminbi. He encouraged resource companies from South Africa to consider taking advantage of the capital-raising opportunities in Hong Kong.
"There are promising opportunities for South African brands to gain more exposure in Asia by listing on our stock market," Mr Tsang said.
Having completed the first leg of his visit to South Africa in Johannesburg, Mr Tsang and the delegation will depart for Cape Town in the evening.
Ends/Wednesday, December 7, 2011
Issued at HKT 20:55
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