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...
Zhang Shiping
Zhang Bo Succeeds Father As China Hongqiao’s Chairman
Chinese aluminium titan China Hongqiao Group Limited selected Zhang Bo to take the company’s reigns last week, filling the position his father held until his passing the week prior. The younger Zhang’s appointment took effect on Friday, the same day he was...
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...
Long Read: Hongqiao’s Trials and Tribulations in 2017
The world’s largest aluminium firm has had a challenging year. From a series of damaging anonymous reports from short sellers...
Events
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, […]
Zhang Shiping Purchases 18 Million Shares as China Hongqiao’s Stock Resumes Trading in Hong Kong
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 […]
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 resume trading on the Hong Kong Stock Exchange. The world’s largest aluminium company published a notice telling investors that the company was advised that it may resume offering shares on the HKEX if the following […]
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 […]
China Hongqiao Misses Revenue Expectations for First Half of 2016
Results for Chinese aluminium giant China Hongqiao Group Ltd were lower than expected for the first half of 2016. The firm, still the world’s largest producer of aluminium, reported earnings for the period on Friday. At the end of the first half of 2016 the firm’s aggregate designated aluminium production capacity topped out at 5.9 […]
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 ...
