China Aluminum International Engineering Corporation Limited Class H (HK:2068) has released an update.
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China Aluminum International Engineering Corporation Limited has announced its intention to seek strategic investors for a capital increase of between RMB1.5 billion to RMB3 billion for its wholly-owned subsidiaries through a public tender process. The move aims to boost business development and enhance competitiveness, with the company maintaining at least 60% ownership post-investment. However, the capital increase is contingent on investor participation and the results of the tender process, with potential risks highlighted for interested investors.
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