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Hontron Aluminum Plans Share Placement; Shares Fall 10%

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Shandong Hontron Aluminum Industry (SHE:002379) received approval from the board of directors for a proposed share placement, according to a Shenzhen bourse filing on Saturday.

The Chinese aluminum company's shares slumped 10% during Monday's morning trade.

The plan is still subject to regulators' approval.

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Hontron Aluminum Plans Share Placement; Shares Fall 10% | FINWIRES