Hongqiao to issue new shares for $800 mln; SHFE aluminium prices close lower

By Echo Ma / January 16, 2018 / www.metalbulletin.com / Article Link

China Hongqiao, the world's largest aluminium producer, will issue 650 million shares with a total value of about HK$6.2 billion ($800 million), it said in a filing to Hong Kong Exchanges & Clearing (HKEX) on Tuesday January 16.

The placing shares account for approximately 8.07% of the existing issued share capital of the company and about 7.46% of the issued share capital of the company as enlarged by the issue of the subscription shares, Hongqiao said....

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