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why was PetroChina (PTR) bought in HK not in the US market?
xnswim 03-26-2008, 9:07 PM | Post #2502069 |  1 Replies
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I was reading an article about Mr. Buffett's purchase of PTR in 2003 - one question came up is why did he bought it in HK stock exchange and not the ADR in the US? they are exactly same performance-wise, what advantage would he get by buying them in HK? foreign currency considerations? Thanks.
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Re: why was PetroChina (PTR) bought in HK not in the US market?
Super_Snark 03-31-2008, 10:10 AM | Post #2503684
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Because PTR wasn't listed on the NYSE in 2003. That should have been a real no-brainer. In 2004, only 10 foreign companies had ADRs on that exchange due to the Sarbanes-Oxley act.

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