Key Developments: Aluminum Corp of China Ltd (ACH)
8.44USD
18 Jun 2013
$0.02 (+0.24%)
$8.42
$8.40
$8.44
$8.34
97,596
119,991
$13.29
$8.32
Latest Key Developments (Source: Significant Developments)
Aluminum Corp Of China Ltd Sells Stake in Eight Companies
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
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 Assets of Branches
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 to Sell Entire Stake in Eight Companies
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 Announces Change in Corporate Structure
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
Aluminum Corp Of China Ltd's Subsidiary to Provide Loan Guarantee
Aluminum Corp Of China Ltd announced that its 70.82%-owned subsidiary, a Ningxia-based energy group, will guarantee a loan of RMB 50 million and one of RMB 20 million for a Ningxia-based photovoltaic material company, with a term of three years and one year, and also guarantee a loan of RMB 50 million for a Ningxia-based silicon material company, with a term of three years. Full Article
Aluminum Corp Of China Ltd Decreases Holdings in Jiaozuo Wanfang Aluminum Manufacturing Co Ltd
Aluminum Corp Of China Ltd announced that its holdings in Jiaozuo Wanfang Aluminum Manufacturing Co Ltd (Jiaozuo Wanfang) decreased from 24.002% to 17.75%, due to its subscription of no share in Jiaozuo Wanfang's private placement of 169,266,914 A shares at RMB 10.64 per share. Full Article
Rio Tinto PLC, Aluminum Corp Of China Ltd, Glencore International PLC Vie To Mine Bauxite In Australia-Reuters
Reuters reported that Rio Tinto PLC, Aluminum Corp Of China Ltd and Glencore International PLC are among five companies short-listed by Australia to mine vast bauxite deposits in the country that have been left dormant for decades. The three firms have each applied for leases to exploit bauxite deposits in the Aurukun district of Queensland state, where reserves are considered sufficient to support production of 6.5 million tonnes per year, the Queensland state government said. The candidates, which also include Australian Indigenous Resources and Cape Alumina Consortium, have until mid-September to submit detailed mining proposals, according to a statement by Jeff Sweeney, Queensland's deputy premier. Full Article
Aluminum Corp Of China Ltd Announces Change in Accounting Policy
Aluminum Corp Of China Ltd announced that it will change its accounting policy, regarding the depreciation provision method of aluminum processing equipment, from straight-line depreciation method to units-of-production method, effective July 1, 2012. Full Article
Aluminum Corp Of China Ltd Announces No Dividend Payment for FY 2012
Aluminum Corp Of China Ltd announced that it will pay no dividend to shareholders for fiscal year 2012. Full Article
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