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 see many similarities with investing in Europe in the early part of my career. Then, my longer-term, research-led approach was considered unusual in a market more used to short-term trading but it proved to be successful," he says.

"I think the same will be the case in China and I expect that my experience in Europe will be helpful as I see the composition of the market shifting from an emphasis on manufacturing and financials to include more service-oriented companies."

Investors can register online now at www.fidelity.co.uk to receive an information pack as soon as it becomes available

Click here to listen to Anthony Bolton talking about the China Special Situations fund.