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Vale (NYSE:VALE) reported this week that it will withdraw from the Hong Kong Stock Exchange. As per the company’s website: Vale informs that the Hong Kong Stock Exchange (HKEx) approved the withdrawal of Vale´s HDRs listing from the Stock Exchange. The withdrawal will become effective at 9:00 am (Hong Kong time) on July 28th, 2016. …
Vale (NYSE:VALE) reported this week that it will withdraw from the Hong Kong Stock Exchange.
As per the company’s website:
Vale informs that the Hong Kong Stock Exchange (HKEx) approved the withdrawal of Vale´s HDRs listing from the Stock Exchange. The withdrawal will become effective at 9:00 am (Hong Kong time) on July 28th, 2016.
The notice to HDR holders, which is available on our website (www.vale.com under the Investor Relations / Corporate Governance section), includes details on the withdrawal of the HDRs listing.
The withdrawal of the HDRs listing is in line with Vale’s simplification strategy.