China Hongqiao Group

Chinalco Inks Partnership With Yunnan Aluminium for Access to 1.6 MTPA Smelting Capacity

Chinalco Inks Partnership With Yunnan Aluminium for Access to 1.6 MTPA Smelting Capacity

A partnership announced yesterday by Yunnan Aluminium between Aluminum Corp of China (Chinalco) and Yunnan Metallurgical Group will see the emergence of a new Chinalco with greater access to the significant hydropower resources of Yunnan province. Per an agreement signed in Kunming...

-

Events

S&P Restores Hongqiao from Credit Watch after Two Downgrades in Eight Months

S&P Restores Hongqiao from Credit Watch after Two Downgrades in Eight Months

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 […]

-
Hongqiao Request Injunction Against “Defamatory” Reports from Emerson

Hongqiao Request Injunction Against “Defamatory” Reports from Emerson

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, […]

-
Hongquao’s Hometown Declares 2.5 Million MTPA in Seasonal Aluminium Capacity Cuts

Hongquao’s Hometown Declares 2.5 Million MTPA in Seasonal Aluminium Capacity Cuts

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 […]

-
CITIC Throws Hongqiao a US$1.02 Billion Lifeline

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 806.6 million new shares and issue US$320 million in convertible bonds to CITIC […]

-