CAPITAL MARKETS

Galaxy postpones Hong Kong listing

AFTER being set to make its Hong Kong Stock Exchange debut later this month, lithium producer Galaxy Resources has postponed the initial public offering, blaming unfavourable market conditions.

Kristie Batten
Galaxy postpones Hong Kong listing

The move comes as tension in Egypt and, more recently, Libya, has caused volatility in global markets, as well as a spike in oil prices. “Given the company’s strong financial position, we saw no necessity...

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