Fidelity plans £630m issue for Bolton China trust

Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.

A public offer for the new shares, issued at £1, will run from 26 February through to 5 April, ahead of a 19 April admission to the London Stock Exchange. Fidelity China Special Situations PLC shares will be eligible for ISA investments and applications may be made via the Fidelity ISA for either or both of the current and next tax years. Full details of the offer and placing will be included in the prospectus, expected to be published by the company on 26 February. Bolton says he is confident there will be very many stock-picking opportunities in China in the years to come. "I ...