Nanshan Aluminium to raise $256 million in share placement, term sheet shows

Nanshan Aluminium International Holdings

22/01/2026 01:44

SINGAPORE, Jan 22 (Reuters) - Nanshan Aluminium International Holdings Ltd 2610.HK, an Indonesia-based alumina producer, is raising about $256 million in an accelerated bookbuild placement, a fast-track institutional share sale, according to a term sheet.

The company is selling 31 million new shares at HK$64.50  ($8.27) each, a 6.4% discount to the stock's last close on January 21, the term sheet that was seen by Reuters showed.

The all-primary deal represents about 5.3% of existing shares outstanding and about 5.0% of the enlarged share capital.

Proceeds will be used 90% for its potential electrolytic aluminium and related raw materials and ancillaries businesses, and 10% for general working capital, according to the sheet.

CICC is acting as overall coordinator, joint placing agent and capital market intermediary.

($1 = 7.7961 Hong Kong dollars)

 (Reporting by Yantoultra Ngui and Scott Murdoch; Editing by Muralikumar Anantharaman)

 ((Yantoultra.Ngui@thomsonreuters.com;))