China Aluminum International Engineering Corporation Limited Class H (HK:2068) has released an update.
China Aluminum International Engineering Corporation Limited has entered into a Capital Increase Agreement with Chalco Shandong and Shandong Engineering, involving an additional capital contribution of RMB500 million to optimize Shandong Engineering’s capital structure and bolster its market competitiveness. The company will contribute RMB300 million, while Chalco Shandong will add RMB200 million, keeping their shareholding ratios unchanged. This transaction is classified as a connected transaction under the Hong Kong Listing Rules.
For further insights into HK:2068 stock, check out TipRanks’ Stock Analysis page.
