Chinalco’s engineering unit targets $221 million in IPO

The Hong Kong offering comes armed with six cornerstone investors and enough anchor demand to cover the entire base deal at launch. Separately, China Nonferrous Mining will resume its IPO today after securing a similar level of demand.

China Aluminum International Engineering Corp (Chalieco) kicked off the management roadshow yesterday for an initial public offering that is targeting to raise between HK$1.43 billion and HK$1.72 billion ($184 million to $221 million).

¬ Haymarket Media Limited. All rights reserved.

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