Aluminum of China: leveraging the capital market to lift the main industry to lift the light lever

- Feb 08, 2018 -

Aluminum of China: leveraging the capital market to lift the main industry to lift the light lever


Aluminum Corporation of China held a board meeting on January 31 to review and approve the issuance of shares of Baotou Aluminum Co., Ltd. ("Baotou Aluminum"), Chinalco Shandong Co., Ltd. ("Chinalco Shandong"), Chinalco Mining Co., Ltd. ("Chinalco Mining") and Chinalco Zhongzhou Aluminum Industry Co., Ltd. ("Chinalco Aluminum").


According to the relevant laws and regulations on the reorganization of listed companies, the official program of this transaction of Aluminum Corporation of China needs to be held after the Board and Shareholders' General Meeting reviewed and submitted to China Securities Regulatory Commission for approval. The implementation of this transaction, China Aluminum will once again wholly-owned holding of the above four companies, these four companies are injected capital business will also capitalize on the operation of a substantial reduction in asset-liability ratio, lifted the main light.


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