Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Aluminum of China ( (HK:2600) ) has provided an announcement.
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, involving an investment of approximately RMB555 million, reflects Chinalco’s confidence in the company’s future prospects and aims to protect minority investors’ interests. The shareholding increase accounts for about 0.63% of the total issued share capital and is funded through internal resources and special loans.
More about Aluminum of China
Aluminum Corporation of China Limited, also known as Chalco, operates in the aluminum industry. It is primarily involved in the production and sale of aluminum products and is a significant player in the Chinese market.
YTD Price Performance: -0.18%
Average Trading Volume: 4,790
Technical Sentiment Signal: Hold
Current Market Cap: $13.89B
Learn more about 2600 stock on TipRanks’ Stock Analysis page.