Updated: China Hongqiao preps HK$3.8bn rights issue

aluminium_rolls_230px
By Jonathan Breen
11 Jan 2016

Chinese aluminium manufacturer China Hongqiao Group plans to raise HK$3.8bn ($489.6m) from a rights issue in early February, according to a document filed with the Hong Kong Stock Exchange.

[Updated at 2pm Hong Kong time, January 12, with more details on the Tysan Foundation Holdings IPO]

The group wants to issue 891.5m rights shares on a seven-to-50 basis and is looking to sell them at HK$4.31 each, it said on January 8. The price matches the theoretical ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial