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Aluminum of China ( (HK:2600) ) has provided an announcement.
Aluminum Corporation of China Limited announced its intention to establish a joint venture with several affiliated companies, including Chinalco and Yunnan Copper, with a total proposed contribution of RMB1.5 billion. The joint venture aims to enhance collaboration among these entities, although it will not be a subsidiary of Chalco, and its financial results will not be consolidated into Chalco’s accounts. This move is part of a connected transaction under Hong Kong Listing Rules, reflecting strategic alignment among the involved parties.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$7.50 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, also known as Chalco, operates in the aluminum industry, focusing on the production and sale of aluminum products. The company is a major player in the market, with interests in various aspects of the aluminum supply chain.
Average Trading Volume: 50,077,439
Technical Sentiment Signal: Buy
Current Market Cap: HK$145.7B
See more data about 2600 stock on TipRanks’ Stock Analysis page.