Chinalco's Subsidiary to Reduce Capital Contribution in Controlled Firm

Published: Nov 3, 2024 22:26

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China Aluminum Corporation (Chinalco) has announced that its wholly-owned subsidiary, Baotou Aluminum Industry Co., Ltd., intends to reduce its capital contribution by RMB 500 million to its controlled subsidiary, Inner Mongolia Huayun New Materials Co., Ltd. (Inner Mongolia Huayun), in proportion to its shareholding. Correspondingly, the other shareholder of Inner Mongolia Huayun, China Aluminum Group Corporation Limited, will also reduce its capital contribution to Inner Mongolia Huayun by RMB 500 million in proportion to its shareholding.

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