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....