Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line
The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of...
The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of...
Data released yesterday by the People’s Republic of China’s National Bureau of Statistics (NBS) shows that, for the first time...
Hongqiao, the world’s largest aluminium producer announced on Tuesday a push to raise HK$6.24 billion (US$800 million) via the sale...
Independent investment research firm S&P Global Ratings announced on Wednesday that it has taken China Hongqiao Group off of credit watch almost exactly eight months after the company was placed on the list with negative implications. Citing Hongqiao’s issuance of the long-delayed 2016 annual report over six months behind schedule, this is the first good […]
The world’s largest aluminium firm has gone to court in Hong Kong to enjoin a group of short sellers from publishing reports accusing it of accounting irregularities. Last Friday China Hongqiao Group approached the High Court of Hong Kong requesting an injunction against short seller Emerson Analytics to prevent it from publishing a February report, […]
Seven months after requesting it be suspended from trading on the Hong Kong Stock Exchange, stocks of China Hongqiao Group Ltd. returned to the market on Monday. However, its return was not without controversy, as Chairman Zhang Shiping purchased over 18 million shares the day after trading began. According to reporting by Bloomberg News, Zhang […]
The government of the Shandong city of Binzhou recently announced the closure of around 2.5 million metric tons per annum of aluminium smelting capacity over the coming winter months. Although the city is the home base of world’s leading aluminium producer China Hongqiao Group, the document, which was obtained by Reuters and authenticated by an […]
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 806.6 million new shares and issue US$320 million in convertible bonds to CITIC […]
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