Asia Aluminum noteholders to vote on liquidator, committee on Oct. 23

By Caroline Salls

Pittsburgh, Oct. 15 - Asia Aluminum Holdings Ltd. will hold a meeting of noteholders on Oct. 23 to vote on appointment of a liquidator and whether to appoint a committee of inspection for the company's wind-up proceedings, according to a news release.

The holders of Asia Aluminum's $450 million of 8% senior notes and the holders of noteholders' guarantee claims against China Steel Development Co. Ltd. can participate in the meeting.

According to the release, the meeting is unrelated to the proposed scheme of arrangement for distribution of proceeds of the sale of the company's assets to Golden Concord.

Asia Aluminum said its provisional liquidators will schedule a creditors meeting to vote on the scheme at a later date.

Asia Aluminum is a Hong Kong-based company that makes aluminum extrusion and stainless steel products for the construction, transportation, industrial and home improvement sectors.

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