China Hongqiao debt

Hongqiao Announces Sale of 650 MM Shares in Attempt At Paying Down Debt

Hongqiao Announces Sale of 650 MM Shares in Attempt At Paying Down Debt

Hongqiao, the world’s largest aluminium producer announced on Tuesday a push to raise HK$6.24 billion (US$800 million) via the sale of new shares just a day after announcing a trading halt. China Hongqiao Group Limited made the announcement in a filing to...

Hongqiao Denies Allegations of Improprieties by Anonymous Short Seller

A short seller has come forward with allegations that China Hongqiao Group is reaping significant profit margins by distributing a hefty and unsustainable debt load to companies it says are intimately related to its founder and other top company men. According to an article in Financial Times, an anonymous short seller has published a report […]