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Aluminum Corp Of China Ltd Announces Termination Of Share Sale And Purchase Agreement And Proposed Acquisition Of 29.9% Interest In Winsway Coking Coal Holdings Ltd


Friday, 28 Sep 2012 08:02am EDT 

Aluminum Corp Of China Ltd announced that with reference to the announcement dated April 23, 2012, the shareholders’ circular dated June 8, 2012 and the announcement dated June 29, 2012 of Aluminum Corporation of China Limited, which set out further details of the proposed acquisition of 29.9% interest in Winsway Coking Coal Holdings Limited and details of the Acquisition being considered and passed at the annual general meeting of the Company on June 29, 2012. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings ascribed to such terms in the announcement of the Company dated April 23, 2012. Due to the fact that the Company is unable to complete the process for the obtaining of the necessary approvals from relevant PRC and overseas government and regulatory authorities in respect of the Acquisition by September 30, 2012, the long-stop date for the fulfillment of the conditions precedent under the Share Sale and Purchase Agreement, the parties to the Share Sale and Purchase Agreement have agreed on September 28, 2012 to terminate the agreement and the transaction contemplated thereunder, namely the acquisition of 29.9% interest in Winsway Coking Coal Holdings Limited, with effect from September 28, 2012. 

Company Quote

0.495
-0.0050 -1.00%
3:59am EDT