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Aluminum of China ( (HK:2600) ) has shared an update.
Chinalco High-end, Yunnan Aluminum, and Kunming Copper have agreed to contribute a total of RMB906.45 million to Yunnan Aluminum Foil, increasing its registered capital from RMB800 million to RMB1,147.3974 million. This capital contribution, classified as a connected transaction under Hong Kong Listing Rules, will adjust the ownership stakes in Yunnan Aluminum Foil, with Chinalco High-end holding the majority share, thereby strengthening its position in the aluminum foil market.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$13.50 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 of China, also known as Chinalco, is a leading enterprise in the aluminum industry, focusing on the production and supply of aluminum products. The company operates through various subsidiaries, including Chinalco High-end, Northwest Aluminum, Yunnan Aluminum, and Kunming Copper, and is a major player in the global aluminum market.
Average Trading Volume: 66,244,749
Technical Sentiment Signal: Buy
Current Market Cap: HK$202.3B
See more data about 2600 stock on TipRanks’ Stock Analysis page.