Weiqiao Aluminum Eyes $1 bln HK Listing - Report

HONG KONG, Aug. 11 -- Weiqiao Aluminum, China's largest private alumina producer by capacity, has submitted a listing application to Hong Kong's stock exchange aiming to raise about $1 billion, the Ming Pao Daily News reported on Wednesday,

Shandong-based Weiqiao Aluminum, competing with Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote), was expected to launch its initial public offering in October, the newspaper cited market sources as saying.

Investment banks JP Morgan (JPM.N: Quote) and ICBC International, were handling the deal, the newspaper reported, without giving further details.

The parent of Weiqiao Aluminum also controlled Hong Kong-listed cotton yarn and fabric maker Weiqiao Textile Co Ltd (2698.HK: Quote), the newspaper said. (US$1=HK$7.77)