Chinalco transferred part of the fixed assets of Guizhou Branch to Guizhou Aluminum Plant

- Feb 22, 2018 -

Chinalco transferred part of the fixed assets of Guizhou Branch to Guizhou Aluminum Plant


In the process of "withdrawing from the city and entering the park", Guizhou Branch issued 20 fixed assets (mainly including office building, archives building, duty room, afforestation and fencing, etc.) on the ground of the original project engineering department. Idle, the company intends to transfer the aforementioned assets by way of agreement to Guizhou Aluminum Plant, the transfer price of 5.8135 million yuan.


As of December 31, 2017, the book value of the underlying assets was 5.273 million yuan, depreciation of 4.6441 million yuan has been drawn, the net book value of 629,000 yuan, the aforementioned data unaudited.


The company said the deal will help the company revitalize idle assets, rationalize property rights and reduce connected transactions.


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