Hongqiao Holdings to Raise $1.2B for Renewable Projects and Debt Repayment

Published: Aug 07, 2026 21:50 (GMT+8)

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On July 31, Hongqiao Holdings announced that it plans to raise up to 12 billion yuan through a private placement. After deducting issuance expenses, the funds are planned for wind power projects (5.65 billion yuan), PV projects (2.25 billion yuan), aluminum downstream processing projects (2.3 billion yuan), and repaying bank loans and supplementing working capital (1.8 billion yuan).

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