CITIC Trust Buys into China Hongqiao on Optimism over Aluminum Industry

Published: Aug 29, 2017 10:52

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Recently, CITIC Trust spent $700 million in subscribing to 10% of allotted shares issued by China Hongqiao.

SHANGHAI, Aug. 29 (SMM) – Recently, CITIC Trust spent $700 million in subscribing to 10% of allotted shares issued by China Hongqiao.

Aluminum Price Rise Cycle Just Begins

The move by CITIC Trust, which is based on thorough due diligence and prudent decision, will help reduce Hongqiao’s financing costs in the long run, Huang Pingyi, Deputy General Manager of China Hongqiao, said in an interview.

China Aluminum Inventories Grow further, SMM Says

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CITIC Trust China Hongqiao

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