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The latest update is out from Aluminum of China ( (HK:2600) ).
Aluminum Corporation of China Limited has approved a plan for its wholly owned subsidiary, Chalco Logistics Group, to acquire a 51% stake in Yunnan Yunlv Logistics Investment from fellow Chinalco-controlled entity Yunnan Aluminum for approximately RMB263.84 million in cash, with the final price subject to valuation. Following completion, Chalco Logistics will hold a controlling 51% interest and consolidate Yunlv Logistics into its financial statements, while Yunnan Aluminum will retain a 49% stake, and the deal is classified as a connected transaction under Hong Kong listing rules, with a definitive agreement yet to be signed and investors urged to exercise caution.
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 (Chalco) is a major Chinese metals company focused on the production and logistics of aluminum and related products, operating through subsidiaries including Chalco Logistics Group to support its supply chain and distribution capabilities in key regional markets such as Yunnan.
Average Trading Volume: 59,729,726
Technical Sentiment Signal: Buy
Current Market Cap: HK$218.4B
For a thorough assessment of 2600 stock, go to TipRanks’ Stock Analysis page.