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Aluminum of China ( (HK:2600) ) has shared an update.
Aluminum Corporation of China Limited has announced a substitution agreement for capital contribution to Chinalco High-end Manufacturing. Due to the inability to transfer property rights of certain buildings, Yunnan Aluminum will substitute its contribution in kind with a cash payment of RMB7,004,940.00, ensuring the completion of the capital exchange and securing ownership of the assets involved.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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, also known as Chalco, is a leading enterprise in the aluminum industry, primarily engaged in the production and sale of aluminum and related products. The company is focused on high-end manufacturing and has strategic partnerships with various entities to enhance its market presence.
Average Trading Volume: 43,983,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$127.2B
For an in-depth examination of 2600 stock, go to TipRanks’ Overview page.