Hongqiao launches $200m placement

Books were covered within a few hours of opening and the aluminium producer plans to use the funds raised to acquire upstream assets and pay off debt.
An aluminium smelter run by China Hongqiao
An aluminium smelter run by China Hongqiao

China Hongqiao Group, one of the country’s largest aluminium producers, raised $220 million in an accelerated share placement to pay down debt and acquire more upstream assets.

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