CNEI makes ten times return on Liyuan Aluminum float

Steel Guru.com reports that China’s New Enterprise Investment has made a ten times return on Liyuan Aluminum Group.

The story is quoted as saying:

Liyuan is the fifth largest aluminium processing company in China, itself the world’s major aluminium producer. The company produces the bodies of Volkswagen and Mercedes cars and the aluminium cases of Apple computers. It said that it plans to use the IPO proceeds to fund product research and development and production capacity expansion.

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