onshore creditors were fully assumed by the management buyout consortium. As is characteristic of bankruptcy situations in China, a majority of Asia Aluminum's investors were unable to fully recoup their investments, and its management team now owns the US$2.4 billion business. Asia Aluminum is one of many bankruptcy failures of Chinese companies formerly listed on the Hong Kong Stock Exchange. References Aluminium companies of China Metal companies of Hong Kong Hong Kong brands Companies formerly listed on the Hong Kong Stock Exchange Companies that have filed for bankruptcy in the People's Republic of China 1992 establishments in China