Chuangxin Industries Holdings (HKG:2788) has listed on the Hong Kong Stock Exchange (HKG) after raising about HK$5.5 billion ($1.09 billion) from an initial public offering priced at HK$10.99 a share.
The HKG is among the largest stock exchanges in Asia and the ninth largest globally by market capitalisation as of August 2024.
Chuangxin Industries says its Hong Kong retail offer was heavily oversubscribed, while cornerstone investors – including Hillhouse, China Hongqiao, Glencore and Mercuria – took roughly US$351 million of stock, close to half the deal.
Chuangxin closed its first session at HK$14.59, up 32.8% as of 24 November 2025.
The company says proceeds will fund capacity growth, including overseas development and green-energy projects, as it targets rising aluminium demand tied to electrification and renewables supply chains.
Chairman Cui Lixin says the listing gives Chuangxin a platform to lift its technology base, expand offshore and grow its low-carbon aluminium business.
“We will further strengthen our advantages in cost, quality, technology and service, and focus on globalisation, green development, high-end manufacturing and intelligent innovation – accelerating our journey toward becoming a green aluminium industry group in the global market,” Lixin says.
Chuangxin produces alumina and electrolytic aluminium in China, with integrated operations across power, refining and smelting. The company reports alumina self-sufficiency of about 84% and electricity self-sufficiency of about 88% in 2024, supporting its cost position.
Chuangxin Industries Holdings is an integrated producer of electrolytic aluminium and alumina in China.
This content was created with AI assistance and human editing.
Write to info@mining.com.au at Mining.com.au
Images: Chuangxin Industries Holdings
