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Aluminum of China ( (HK:2600) ) has issued an update.
Aluminum Corporation of China Limited announced that its controlling shareholder, Chinalco, along with its concert parties, has increased their shareholdings in the company. This move reflects Chinalco’s confidence in Chalco’s future prospects and aims to protect minority investors’ interests. The increase involves a total of 191,729,583 shares, accounting for approximately 1.12% of Chalco’s total issued share capital, with a cumulative investment of around RMB1,007 million, reaching the lower limit of their proposed shareholding increase plan.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$6.80 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 a significant presence in both the Shanghai and Hong Kong stock exchanges.
Average Trading Volume: 46,869,532
Technical Sentiment Signal: Buy
Current Market Cap: HK$111.6B
For a thorough assessment of 2600 stock, go to TipRanks’ Stock Analysis page.