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HK tycoon looks to buy $100m of Rusal stock

The flagship company of Li Ka-shing, Hong Kong's richest man, has put in an order for $100m of shares in UC Rusal, the Russian aluminium group controlled by Oleg Deripaska that plans to float on the city's stock market.

Rusal is hoping to raise up to $2.6bn in an initial public offering on the Hong Kong stock exchange.

The company's roadshow kicked off on January 18. Trading in its shares is expected to begin on January 27.

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