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Aluminum of China ( (HK:2600) ) has shared an update.
Aluminum Corporation of China Limited has announced the completion of capital contributions to Yunnan Aluminum Foil by Chinalco High-end, Yunnan Aluminum, and Kunming Copper. This investment, totaling RMB906.45 million, is aimed at supporting the construction of a new energy high-precision sheet, strip, and foil project. The valuation of Yunnan Aluminum Foil was conducted using an asset-based approach, with the equity interests determined based on the contributions and appraised value. This strategic move is expected to enhance Yunnan Aluminum Foil’s capabilities and strengthen its market position.
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, also known as Chalco, is a prominent player in the aluminum industry, focusing on the production and sale of aluminum products. The company is involved in various segments of the aluminum supply chain, including mining, refining, and manufacturing, with a strong emphasis on high-end aluminum products.
YTD Price Performance: 160.39%
Average Trading Volume: 62,774,726
Technical Sentiment Signal: Buy
Current Market Cap: HK$200.7B
See more data about 2600 stock on TipRanks’ Stock Analysis page.