Aluminum of China (HK:2600) has released an update.
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Aluminum of China has entered into a transfer agreement with Chinalco High-end Manufacturing to acquire slab ingots assets for approximately RMB175 million. The acquisition involves branches in Guizhou, Qinghai, and Liancheng, and is classified as a connected transaction under Hong Kong Listing Rules. This strategic move highlights Aluminum of China’s efforts to bolster its asset base through a significant investment, reflecting potential growth opportunities for investors.
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