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Aluminum Corp Of China Ltd To Raise Up To CNY8 Billion Via Private Placement-Dow Jones Chinese Financial Wire


Friday, 24 Aug 2012 05:55am EDT 

Dow Jones Chinese Financial Wire reported that -Aluminum Corp. of China Ltd. (ACH) plans to raise up to 8 billion yuan ($1.26 billion) through a private placement to fund two projects and replenish working capital. Chalco, said in a statement that it also intends to issue up to 1.45 billion yuan-denominated Class A shares to no more than 10 investors. It didn't name the investors. The share placement is aimed at improving the Company's profitability and increasing its competitiveness, Chalco said. 

Company Quote

11.46
-0.24 -2.05%
31 Jul 2014