China Hongqiao Files for Singapore Listing of $330 Million of Bonds

MT NewswiresJan 10 01:43 ET

The expectation of alumina production boosts the market for caustic soda, and the profitability of related listed companies is expected to improve | Industry Dynamics.

① Driven by expectations of downstream Aluminum oxide expansion, on January 7, the Futures Block Orders contract SH2505 for caustic soda reached a high of 3068 yuan/ton, refreshing a nearly one-year high during the trading session; ② Tangshan Sanyou Chemical Industries stated that, supported by the growth in demand for downstream Aluminum oxide and electrolytic Aluminum, caustic soda prices are expected to be running at a high level in 2025.

cls.cnJan 9 08:29 ET

Hong Kong stocks closed (01.09) | The Hang Seng Index fell by 0.2%. The Semiconductors Sector performed actively, and TINGYI (00322) surged by 12%.

Hong Kong stocks surged and then fell today, with the three major Indices turning negative in the afternoon, and only the Hang Seng Technology Index managed to achieve a slight increase, having once risen over 1% in the morning.

Zhitong FinanceJan 9 03:43 ET

【Brokerage Focus】Guolian maintains a "Buy" rating on CHINAHONGQIAO (01378), stating that asset securitization helps to enhance the company's Listed in Hong Kong valuation level.

Jinwu Finance | Guolian issued a Research Report stating that on December 23, 2024, CHINAHONGQIAO (01378) announced that its indirect subsidiary Weiqiao Aluminum & Electricity and its indirect subsidiary Shandong Hontron Aluminum Industry Holding (002379.SZ, which indirectly holds about 22.65% of the shares) signed a "Share Issuance Agreement for Asset Acquisition Intent". Shandong Hontron Aluminum Industry Holding is planning to acquire the entire equity of Hongtuo Industrial, issuing new shares to the existing shareholders of Hongtuo Industrial, including Weiqiao Aluminum & Electricity, as consideration for the acquisition. On January 6, 2025, the Board of Directors of Shandong Hontron Aluminum Industry Holding passed a resolution approving the preliminary plan for this transaction, based on which Shandong Hontron Aluminum Industry Holding intends to

Jinwu Financial NewsJan 9 02:39 ET

Hong Kong stocks movement | Aluminum stocks rose during trading. Bauxite may support alumina costs, and aluminum prices still have potential elasticity.

Aluminum stocks rose during intraday trading. As of the time of publication, Aluminum Corporation Of China (02600) increased by 4.15%, reaching 4.52 Hong Kong dollars; CHINAHONGQIAO (01378) rose by 2.92%, reported at 11.82 Hong Kong dollars.

Zhitong FinanceJan 8 21:41 ET

China Hongqiao Group's Subsidiary to Acquire 100% Stake in Associate

MT NewswiresJan 7 07:46 ET