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Aluminum Corp of China Ltd (2600.HK)

2600.HK on Hong Kong Stock

7.22HKD
16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Ning Xia Yin Xing Energy sees FY 2017 Q1~Q3 net loss to be 60 mln yuan to 75 mln yuan
6:31am EDT 

Oct 16 (Reuters) - Ning Xia Yin Xing Energy Co Ltd <000862.SZ> ::Sees FY 2017 Q1~Q3 net loss to be 60 million yuan to 75 million yuan .Says the net loss of FY 2016 Q1~Q3 was 47.7 million yuan.  Full Article

Aluminum Corp of China enters into factoring cooperation agreement with Chinalco Factoring
Wednesday, 27 Sep 2017 08:25am EDT 

Sept 27 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>:Company entered into factoring cooperation agreement with Chinalco Factoring.Chinalco Factoring has agreed to provide factoring financing services to company.  Full Article

Ning Xia Yin Xing Energy to dissolve branch
Friday, 18 Aug 2017 01:47am EDT 

Aug 18(Reuters) - Ning Xia Yin Xing Energy Co Ltd <000862.SZ>:Says it plans to dissolve a photovoltaic cell manufacturing branch.  Full Article

Aluminum Corp Of China proposes to enter factoring business framework agreement with Chinalco Factoring
Thursday, 17 Aug 2017 08:15am EDT 

Aug 17 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>:Proposes to enter into factoring business framework agreement with chinalco factoring.Group will transfer its receivable claims to chinalco factoring which will provide financing service.Co & units are authorized to develop factoring business of accounts receivable with chinalco commercial factoring tianjin.As at date of announcement, co has not entered into any concrete agreement in relation to factoring business.Annual cap of transaction amount for proposed factoring business with chinalco factoring for each of 2017 and 2018 will be rmb1.3 billion.  Full Article

Aluminum Corp of China's H1 net profit up 1,006 pct y/y
Thursday, 17 Aug 2017 07:13am EDT 

Aug 17 (Reuters) - Aluminum Corp of China Ltd <601600.SS>2600.HKACH.N:Says H1 net profit up 1,006 percent y/y at 751.3 million yuan ($112.56 million).  Full Article

BRIEF-Shanxi Zhangze Electric's joint stock company plans restructuring with Chalco's Shanxi branch
Thursday, 27 Jul 2017 05:01am EDT 

Refiles with two more bullet points:Says its joint stock aluminium electric company plans restructuring with Aluminum Corp of China's <<<601600.SS>>>2600.HK Shanxi branch.Says deal values Chalco's Shanxi branch at about 3.4 billion yuan.Says its holdings in aluminium electric company will be decreased to about 14 percent from 40 percent after transaction.  Full Article

Shanxi Zhangze Electric's joint stock company plans restructuring with Chalco's Shanxi branch
Thursday, 27 Jul 2017 04:51am EDT 

July 27 (Reuters) - Shanxi Zhangze Electric Power Co Ltd <000767.SZ>:Says its joint stock aluminum electric company plans restructuring with Aluminum Corp of China's <<<601600.SS>>>2600.HK Shanxi branch.  Full Article

Templeton Asset Management has cut stake in Chalco to below 5 pct
Friday, 14 Jul 2017 04:42am EDT 

July 14 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>2600.HKACH.N:Says Templeton Asset Management has unloaded 1.946 million H-shares in the company, taking its holdings to 4.997 percent after transaction.  Full Article

Aluminum Corp Of China says ‍merger and reorganization of Shanxi Branch and Shanxi Huaze Aluminium & Power was approved​
Wednesday, 28 Jun 2017 10:35am EDT 

June 28 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>:Merger and reorganization of Shanxi Branch of Aluminum Corporation Of China and Shanxi Huaze Aluminium & Power Co by co was approved​.‍Company plans to make capital contribution of approximately rmb3,426 million to Shanxi Huaze​.Upon completion of capital increase shareholding held by co in shanxi huaze will be increased to approximately 85.8%.  Full Article

Alumininum Corporation of China updates on proposed acquisition of interests in Chalco Shanghai
Friday, 12 May 2017 05:17am EDT 

May 12 (Reuters) - Alumininum Corporation of China :Connected Transaction Proposed Acquisition Of 40% Equity Interests In Chalco Shanghai .Company entered into an equity transfer agreement with chinalco.Chinalco has agreed to dispose and company has agreed to acquire 40% equity interests in chalco shanghai.refers to announcement of co dated 23 march 2017, in relation to proposed acquisition of 40% equity interests in chalco shanghai by co.rmb1.41 billion, being transfer price as agreed in equity transfer agreement.  Full Article

Chalco agrees $1.5 billion debt financing plan with China Pacific Insurance

BEIJING Aluminum Corp of China Ltd on Wednesday said it had agreed a debt financing plan, worth up to 10 billion yuan ($1.53 billion), with China Pacific Insurance Group Co to help fund construction of key projects.