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Aluminum of China ( (HK:2600) ) has provided an announcement.
Aluminum Corporation of China Limited has reported progress on the establishment of its previously announced joint venture with Chinalco, Yunnan Copper, Chihong Zinc & Germanium and Chinalco Capital, which has been incorporated in the PRC as Chinalco Qianxing (Chengdu) Technology Co., Ltd. All partners except the company have fully met their paid-in capital commitments, and the company has so far contributed RMB100 million toward its total RMB300 million obligation. Following a unanimous shareholders’ resolution to amend the joint venture’s articles of association, the company’s contribution method has been changed from a mix of a high-purity gallium production line and cash to an all-cash injection, while the total capital, shareholding ratios and overall contribution timetable remain unchanged, signaling a shift toward greater funding flexibility and a cleaner capital structure without altering ownership or dilution dynamics for stakeholders.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
More about Aluminum of China
Aluminum Corporation of China Limited is a major Chinese non-ferrous metals producer with core operations in aluminum and related materials. The company, through its parent Chinalco group and affiliates such as Yunnan Copper and Chihong Zinc & Germanium, is expanding into higher-value metal and technology-related businesses within China’s industrial and materials sector.
Average Trading Volume: 59,729,726
Technical Sentiment Signal: Buy
Current Market Cap: HK$218.4B
See more data about 2600 stock on TipRanks’ Stock Analysis page.