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<IPO>Glencore, CHINAHONGQIAO May Become Cornerstone Investors in Chuangxin Industries IPO: Wire
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Glencore, CHINAHONGQIAO (01378.HK), and Hillhouse Investment Management plan to participate in the Hong Kong IPO of Chuangxin Industries, a Chinese alumina refining and aluminum smelting company, indicating their confidence in Chuangxin Industries' prospects amid soaring aluminum prices, Bloomberg reported, citing sources. It is understood that Glencore, CHINAHONGQIAO, and Hillhouse Investment Management are preparing to become cornerstone investors in Chuangxin Industries' IPO, and they are expected to subscribe to about half of the shares together with other cornerstone investors. AAStocks Financial News |
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