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Home / Metal News / Chalco to Transfer 60% Interest in Nanhai Alloy for $19.55 Mln

Chalco to Transfer 60% Interest in Nanhai Alloy for $19.55 Mln

iconDec 30, 2013 11:16
Source:SMM
Aluminium Corporation of China Ltd. (Chalco) listed a 60% interest in an alloy-making subsidiary on Shanghai United Assets and Equity Exchange (SUAEE) to transfer for 119.58 million yuan.

SHANGHAI, Dec. 30 (SMM) – Aluminium Corporation of China (Chalco) listed a 60% interest in an alloy-making subsidiary on Shanghai United Assets and Equity Exchange (SUAEE) to transfer for 119.58 million yuan ($19.55 million).

Chalco listed its stake in the Foshan, Guangdong province-based Chalco Nanhai Alloy Co. on the SUAEE on Dec. 20 and would keep the information till Jan. 20, 2014, according to the exchange data. 

China's largest alumnium maker has been disposing of fabrication segments over the past couple of years to focus more on the upstream sectors.
 

Aluminum Corporation of China Ltd.
Chalco Nanhai Alloy Co.

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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