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Aluminum of China ( (HK:2600) ) just unveiled an update.
Aluminum of China, through its subsidiary Ningxia Energy, has entered into a Capital Contribution Agreement with China Copper Tibet and Tibet Development and Investment to establish a joint venture. The joint venture will have a registered capital of approximately RMB4,766.7711 million, with China Copper Tibet holding a 56.10% stake, Ningxia Energy 23.90%, and Tibet Development and Investment 20.00%. This transaction is classified as a connected transaction under Hong Kong Listing Rules, subject to reporting and announcement requirements but exempt from independent shareholders’ approval.
More about Aluminum of China
YTD Price Performance: 12.18%
Average Trading Volume: 10,436
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.36B
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