Majority shareholder and chairman, Kwong Wui-chun, needed to raise $500 million to cover all the costs associated with the privatisation, which could have been tricky enough given that Asia Aluminum has a market cap of only about $350 million. But on top of that, it also had $450 million worth of debt on its books - in the form of a high yield bond issued in December...
¬ Haymarket Media Limited. All rights reserved.
