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Russian billionaire pulls Hong Kong IPO

Russian billionaire pulls Hong Kong IPO

Reuters was first with news on Oct 24 that Russian billionaire Oleg Deripaska`s Strikeforce Mining & Resources, postponed a Hong Kong share float due to the market downturn. Benefiting from Reuters broad editorial reach and some quick cooperation, Moscow followed within minutes with confirmation from the company and the smoothly written story was unmatched by Bloomberg for 5 hours.

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