HKEX executive says maintaining active dialogue with Saudi Aramco on IPO plan

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Wed, 28 Feb 2018 - 03:12 GMT

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Wed, 28 Feb 2018 - 03:12 GMT

Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017 - REUTERS/Hamad I Mohammed/File Photo

Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017 - REUTERS/Hamad I Mohammed/File Photo

HONG KONG - 28 February 2018: Hong Kong Exchanges & Clearing (HKEX) is still maintaining an “active” and “good conversation” with Saudi Aramco about its planned massive share sale, the head of HKEX said on Wednesday.

At a news conference after announcing its results, Charles Li, however, said HKEX doesn’t have visibility about Saudi Aramco’s listing plan.

At a news conference after announcing its results, Charles Li, however, said HKEX doesn’t have visibility about Saudi Aramco’s listing plan.

The Saudi government says Aramco is worth $2 trillion and aims to list on one or more foreign stock exchanges in addition to Riyadh.

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