BAKU, Azerbaijan, September 10. Kazakhstan's
national gas company QazaqGaz discussed opportunities to raise
financing through Hong Kong's capital markets with representatives
of Hong Kong Exchanges and Clearing (HKEX) and China International
Capital Corporation (CICC), the company said.
The issue was discussed during a working meeting between
QazaqGaz Deputy Chairman of the Management Board for Economics and
Finance Zhanbolat Mirmanov and representatives of HKEX and CICC.
The HKEX delegation included Christopher Wong, Chairman of the
Listing Committee.
"During the negotiations, the sides discussed the opportunities
offered by the Hong Kong capital market for listing and raising
financing, as well as potential areas for further cooperation,"
QazaqGaz said.
Particular attention was paid to the potential use of
international capital markets to finance the company's projects and
strategic objectives.
HKEX is the operator of Hong Kong's securities and derivatives
markets, providing companies with access to international investors
through equity and debt listings.
CICC is a Chinese investment bank specializing in investment
banking, financing, equity and bond offerings, mergers and
acquisitions, and corporate advisory services.
Recently, QazaqGaz and China National Chemical Engineering Group
Corporation (CNCEC) discussed further steps to implement a project
to construct a gas processing plant at the Kashagan field.
Moreover, QazaqGaz and China National Offshore Oil Corporation
(CNOOC) have signed a cooperation agreement aimed at expanding
collaboration in the gas industry. The MoU sets out the main areas
of further cooperation between the two companies.
