Hongqiao boosts top-up to HK$1.9bn

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By Jonathan Breen
25 Nov 2020

China Hongqiao Group, the world’s largest aluminium producer, raised HK$1.94bn ($249.9m) on Tuesday after increasing the size of a top-up share placement.

The issuer jumped at the chance to raise fresh equity after its stock price hit its highest level in more than two years this week. Hongqiao’s shares dived on Wednesday, but were still trading in the money by late afternoon.

Hongqiao turned to investors after Hong Kong markets closed ...

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