Key Developments: Aluminum Corp of China Ltd (2600.HK)

2600.HK on Hong Kong Stock

3.26HKD
22 Sep 2014
Price Change (% chg)

HK$-0.09 (-2.69%)
Prev Close
HK$3.35
Open
HK$3.36
Day's High
HK$3.38
Day's Low
HK$3.25
Volume
28,740,000
Avg. Vol
25,088,188
52-wk High
HK$3.85
52-wk Low
HK$2.54

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Latest Key Developments (Source: Significant Developments)

Aluminum Corp Of China Ltd Announces Proposed Transfer Of 65% Equity Interest Held By Chalco Hong Kong Ltd. In Chalco Iron Ore Holding Ltd.
Monday, 30 Sep 2013 08:24am EDT 

Aluminum Corp Of China Ltd announced that Chalco Hong Kong, a wholly-owned subsidiary of the Company established in Hong Kong, proposes to transfer its 65% equity interest in Chalco Iron Ore, and Chinalco Overseas Holdings, a wholly-owned subsidiary of Chinalco established in Hong Kong, proposes to acquire such Target Equity. This transaction will constitute a related transaction.  Full Article

Aluminum Corp Of China Ltd to Subscribe Shares of Ning Xia Yin Xing Energy Co Ltd
Friday, 30 Aug 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it has decided to subscribe shares of Ning Xia Yin Xing Energy Co Ltd (Yin Xing Energy) in Yin Xing Energy's private placement for equity acquisition and fund raising. After that, Aluminum Corp Of China Ltd's stake in Yin Xing Energy will increase from 28.02% to 52.67%, by holding 283,505,700 shares.  Full Article

Aluminum Corp Of China Ltd Does Not Declare Interim Dividend
Friday, 30 Aug 2013 07:51am EDT 

Aluminum Corp Of China Ltd announced that it will not distribute interim dividend for the six months ended June 30, 2013.  Full Article

Aluminum Corp Of China Ltd Announces New Accounting Estimation Method
Friday, 9 Aug 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it has applied the amortization method of mining right in the accounting estimation, effective February 1, 2013.  Full Article

Aluminum Corp Of China Ltd's Subsidiaries to Provide Loan Guarantee
Monday, 15 Jul 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that the Company's subsidiary and sub-subsidiary, two Ningxia-based energy companies, will guarantee loans of RMB 610 million for their subsidiaries including a Ningxia-based photoelectric material company, a Ningxia-based silicon company and a Ningxia-based wind power equipment manufacturing company.  Full Article

Aluminum Corp Of China Ltd Sells Stake in Eight Companies
Friday, 7 Jun 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it has sold an 86.84% stake in a Henan-based aluminum company, a 60% stake in an aluminum plate company, a 100% stake in a cold rolling company and a Qingdao-based light metal company, a 56.86% stake in another aluminum company, a 93.74% stake in another aluminum plate company, a 50% stake in a Chongqing-based special aluminum material company, and a 40% stake in a Guizhou-based aluminum company, to its controlling shareholder for RMB 3,242,245,400 in total through listing on equity exchange.  Full Article

Aluminum Corp Of China Ltd Sells Liabilities in Two Companies
Friday, 7 Jun 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it has sold the liabilities worth RMB 2,925,500,000 in a Henan-based aluminum company and a Qingdao-based light metal company to its controlling shareholder, for RMB 1,755,970,700 in total.  Full Article

Aluminum Corp Of China Ltd to Sell Entire Stake in Eight Companies
Thursday, 9 May 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it will list all its 86.84% stake in a Henan-based aluminum company, a 60% stake in an aluminum plate company, a 100% stake in a cold rolling company and a Qingdao-based light metal company, a 56.86% stake in another aluminum company, a 93.74% stake in another aluminum plate company, a 50% stake in a Chongqing-based special aluminum material company, and a 40% stake in a Guizhou-based aluminum company, on China Beijing Asset Exchange for sale.  Full Article

Aluminum Corp Of China Ltd to Sell Assets of Branches
Thursday, 9 May 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it plans to transfer all the assets and debts of its Northwest Aluminum Processing Branch, to Aluminum Corporation of China, at a price of no less than the assessed net asset value of RMB 1,660,053,400. The Company also plans to transfer the alumina production line asset and related assets of Guizhou Branch to Aluminum Corporation of China, at a price of no less than assessed net asset value of RMB 4,429,315,800.  Full Article

Aluminum Corp Of China Ltd Announces Change in Corporate Structure
Thursday, 9 May 2013 08:00pm EDT 

Aluminum Corp Of China Ltd announced that it will cancel the position of Chief Executive Officer (CEO) from its corporate structure. Mr. Xiong Weiping currently serves as Chairman of the Board and CEO in the Company.  Full Article

Chinalco boss investigated for 'serious disciplinary violations'

BEIJING - One of China's leading state enterprise executives has been put under investigation by the country's top graft busting body for suspected corruption.

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