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Jiaozuo Wanfang Aluminum Manufacturing Co Ltd to invest in Aluminum Corp Of China Ltd's subsidiary


Friday, 27 Dec 2013 07:00pm EST 

Aluminum Corp Of China Ltd:Jiaozuo Wanfang Aluminum Manufacturing Co Ltd will invest 389,333,330.90 yuan in a wholly owned subsidiary (target company) of Aluminum Corp Of China Ltd.Jiaozuo Wanfang Aluminum Manufacturing will hold a 20 pct stake in the target company after the capital injection.Aluminum Corp Of China Ltd will hold a 75 pct stake in its subsidiary, down from 100 pct.Another company will hold a 5 pct stake in the target company.The target company is engaged in mining, smelting and processing of rare earth and other nonferrous metal. 

Company Quote

3.46
-0.12 -3.35%
3:46am EDT