Aluminum of China ( (HK:2600) ) has provided an update.
Aluminum Corporation of China Limited announced that its controlling shareholder, Chinalco, plans to increase its shareholdings in the company. This move, backed by a special loan commitment from the Industrial and Commercial Bank of China, reflects Chinalco’s confidence in the company’s future prospects and aims to protect minority investors’ interests. The shareholding increase will involve an investment between RMB1,000 million and RMB2,000 million, not exceeding 2% of the total share capital, over a twelve-month period.
More about Aluminum of China
Aluminum Corporation of China Limited, also known as Chalco, operates in the aluminum industry. It is primarily engaged in the production and sale of aluminum products and related services, focusing on both domestic and international markets.
YTD Price Performance: -1.82%
Average Trading Volume: 10,513
Technical Sentiment Signal: Hold
Current Market Cap: $13.98B
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