HKEx drives on with new offering to fund LME takeover

Hong Kong Exchanges and Clearing is making its first share offering since it was listed, aiming to raise US$800 million following the British regulator's approval yesterday for HKEx's takeover of the London Metal Exchange.

The Financial Services Authority gave the go-ahead for HKEx's £1.39 billion (HK$17.24 billion) bid for the LME, the world's biggest metal exchange.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1094133/hkex-drives-new-offering-fund-lme-takeover