Glencore-Backed Alumina Producer Declines in Hong Kong Debut
Shares were down 1% to HK$26.35 apiece as of 10:27 a.m. local time during the first day of its initial public offering, after rising as much as 1.1% earlier. The newly listed unit of China's Nanshan Group will use the sale's proceeds to expand production in Indonesia and for general working capital.
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