Nanshan Aluminium to raise $256 million in share placement, term sheet shows
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Nanshan Aluminium International Holdings Ltd is raising approximately $256 million through an accelerated bookbuild placement, selling 31 million new shares at HK$64.50 each, a 6.4% discount. The proceeds will be allocated 90% for potential electrolytic aluminium and related businesses, and 10% for general working capital. CICC is coordinating the placement.
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