China Hongqiao Group has announced the first 2021 shares repurchase_China Hongqiao_China,Hongqiao,Group,has,announced,the,first,2021,shares,repurchase

China Hongqiao Group Co., Ltd. is one of the world’s largest aluminum producer covering the entire aluminum industry chain. It is specialized in thermoelectric, mining, and producing aluminum products, holding sustainability and social welfare at its core.

China Hongqiao is one of the world’s largest aluminum producer with an annual production capacity of more than 6 million tonnes per year. Innovation-centered and quality-focused, it has a diverse product portfolio that covers the aluminum industry chain and extends into the energy sector.

As one of the largest aluminum producers in the world, China Hongqiao holds its core value of “from society and for society” and keeps committed to social welfare and environmental protection.

China Hongqiao is one of the world’s largest aluminum producer. It was listed on the Main Board of the Hong Kong Stock Exchange in 2011. By the end of 2019, its total assets reached 179.6 billion yuan.

China Hongqiao employs more than 43,000 workers in its 11 production bases in China and overseas. Hongqiao is dedicated to providing a healthy, safe and comfortable working environment and diverse opportunities.

China Hongqiao Group Co., Ltd. was founded in Cayman Islands and listed on the main board of Hong Kong Stock Exchange in 2011. By the end of 2018, it has a total assets of 176.7 billion yuan and more than 40000 employees. It is a large-scale enterprise integrating thermoelectricity

China Hongqiao has announced that it plans to buy back the full amount of "16 Hongqiao 03" and "16 Hongqiao 05" bonds issued by the company.

A repurchase offer to all investors of the above bonds has been issued for a total amount of the proposed repurchase funds of 2.29 billion yuan.

The bonds are to be repurchased by China Hongqiao Group’s own funds. The registration period of this bond repurchase was from January 6, 2021 to January 8, 2021, with a redemption date of repurchase funds is January 20, 2021.

This is not the first time that Shandong Hongqiao has repurchased its bonds at a fair price. Last year, on Nov. 27, the company used its own funds to buy back bonds issued by the company, including "16 Hongqiao 01", "16 Hongqiao 02" and "16 Hongqiao 03", with a total of 2.4 billion yuan.

In times of a challenging and unstable economic situation, China Hongqiao Group aims at bringing its investors safety and confidence in the company by answering to the country’s call to keep the bond market stable.

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luciayu@hongqiaochina.com