PRC aluminum giant in US$822 million IPO

    | BY

    Candice Mak

    China Hongqiao Group (China Hongqiao) has debuted on the Hong Kong Stock Exchange, raising HK$6.37 billion (US$822 million) from its initial public offering…

    China Hongqiao Group (China Hongqiao) has debuted on the Hong Kong Stock Exchange, raising HK$6.37 billion (US$822 million) from its initial public offering (IPO) and Rule 144A/Regulation S placement to global investors.

    The issuer is one of China's largest aluminum product manufacturers. The company is based in Shandong Province and produces molten aluminum alloy, aluminum ingots and aluminum busbars. Four cornerstone investors purchased a total of US$350 million of shares as part of the global offering.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]