.19 Apr 2010 08:49
Lonrho, the 101-year-old African trading company, is considering quitting London and moving its primary stock market listing to Hong Kong. The move is likely to indicate that African-focused stocks were looking for the better coverage and interest that they might get from the Chinese investment community. Geoff White, Lonrho's chief executive, confirmed the potential move, saying: 'Lonrho is currently in the AIM top 50 but would like by the end of the year to be making a move to a main market'. David Lenigas, an Australian entrepreneur, has revealed plans for five-fold growth in the coming years to turn Lonrho into a one billion dollar turnover, one billion market-valued company.