Companies

China Hongqiao to raise $2.2b in Hong Kong IPO

(Agencies)
Updated: 2011-01-24 14:54

China Hongqiao Group Ltd is seeking up to HK$17.2 billion ($2.2 billion) in a Hong Kong initial public offering on Feb 11, Bloomberg reported.

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Shandong-based Hongqiao, an aluminum producer, is selling 1.74 billion shares at HK$7.10 to HK$9.90 apiece, according to Bloomberg.

The proceeds will be used to double capacity, Bloomberg said.