Hongqiao Appoints Third Audit Firm for 2016 Financials
The next chapter in the ongoing saga surrounding China Hongqiao Group’s yet-to-be-released 2016 financials was revealed yesterday in the form...
China Hongqiao audit
CITIC Throws Hongqiao a US$1.02 Billion Lifeline
The world’s biggest aluminium company is soon to receive a US$1.02 billion shot in the arm from the People’s Republic of China’s state-owned investment company. According to an article in the South China Morning Post, China Hongqiao Group has agreed to sell...
Hongqiao Must Address Audit Findings, Short Seller Allegations to Resume Trading: HKEX
China Hongqiao Group announced yesterday the receipt of a letter detailing the conditions under which it may be allowed to...
Ernst & Young Quits as Hongqiao’s Auditor
The world’s largest aluminium producer hit yet another speed bump on the road to releasing 2016’s financials after its independent...
Events
Hongqiao Files Defamation Lawsuit Against Short Seller Emerson
Embattled Chinese aluminium firm China Hongqiao Group opened a new front in the war against short-seller Emerson Analytics this week when it began a defamation action against the firm in Hong Kong’s High Court. According to a report by Bloomberg, Hongqiao is pursuing an order from the court enjoining Emerson from publishing another report on […]
Metal Fatigue – Has China Hongqiao’s Weiqiao Model Run Its Course?
The world’s largest aluminium company finds its finances again in question after being suspended from the Hong Kong Stock Exchange. China Hongqiao Group Limited saw the trading of its shares halted Wednesday morning, one day after announcing that the publication of its annual results would be delayed. According to the relevant filing, Hongqiao advised the […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
