Glencore's HK exit sends message to Aramco

Hong Kong

GLENCORE'S departure from Hong Kong is a reminder of the futility of extra listings. Coach, Japan's Fast Retailing and others could be forgiven for following the Swiss mining and commodities trading group off the island. It's also a sign that Saudi Aramco can cross Hong Kong off its list.

When boss Ivan Glasenberg took Glencore public in 2011, it was the first to twin a primary listing in London with a secondary one in Hong Kong. The idea was to attract a broader range of Asian investors.