OREANDA-NEWS  On 14 November was announced, that Svyazinvest Group of Companies in association with RCF investment company and Industrial and Commercial Bank of China (ICBC) held a number of meetings with the representatives of the investment and banking community as part of a road show in Hong Kong. 

In line with the road show which is taking place in Hong Kong, regional telecom operators of the Svyazinvest Group – STC (KUBN), Sibirtelecom (ENCO), VolgaTelecom (NNSI), and Dalsvyaz (ESPK) held more than 30 individual meetings with investors from Asian capital markets, and also with the management of the Hong Kong stock exchange with the vice president of the exchange Kristina Lee.  The parties discussed the outlook for placing the holding’s financial instruments on the Hong Kong market. 

During the negotiations the Russian delegation told members of the investment community about corporate governance of regional telecom operators, their strategic priorities and the outlook for their development.

Svyazinvest’s road show in Hong Kong was prepared as part of a program to implement collaboration of Russian issuers on the financial market of Hong Kong, an agreement on which was signed today in Moscow at an official ceremony with participation of the heads of governments of the Russian Federation and the People’s Republic of China Vladimir Putin and Wen Jiabao.  Eurofinance Mosnarbank in partnership with RCF investment company and Industrial and Commercial Bank of China have begun to execute the agreements reached with support from the Central Bank of the Russian Federation and the People’s Bank of China.

“We are satisfied with the huge amount of interest shown by Hong Kong-based investors in the instruments of our companies”, said Elena Selvich, deputy general director of Svyazinvest.