The latest announcement is out from Aluminum of China ( (HK:2600) ).
Aluminum Corporation of China Limited announced an increase in shareholdings by its controlling shareholder, Chinalco, and its concert parties. This move, reflecting confidence in the company’s future prospects, involves acquiring A and H shares worth between RMB1,000 million and RMB2,000 million, not exceeding 2% of the total share capital, over a twelve-month period. On April 9, 2025, Chinalco increased its holdings by approximately 0.15% of the total issued share capital, investing around RMB130 million, signaling a strategic reinforcement of its stake in the company.
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 its operations spanning across China and international markets.
YTD Price Performance: 1.45%
Average Trading Volume: 10,058
Technical Sentiment Signal: Hold
Current Market Cap: $13.59B
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