China Hongqiao plans $800m share sale to reduce debt

Aluminium ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur, March 23, 2015. REUTERS/Olivia Harris/File Photo

China Hongqiao Group Ltd , the world’s largest aluminium producer, said on Tuesday it plans to raise HK$6.24 billion ($800 million) through the sale of new shares to cut debt.

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