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Aluminum Corp Of China Updates On Gratuitous Transfer Of State-Owned Equity Interest To Unit

Wednesday, 2 Jan 2019 07:39am EST

Jan 2 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>::CO RECEIVED NOTICE ON COMPLETION OF APPROVAL PROCEDURES FOR GRATUITOUS TRANSFER OF STATE-OWNED EQUITY INTEREST TO A UNIT.SASAC APPROVED TRANSFER OF 51% STATE-OWNED EQUITY INTEREST HELD BY YUNNAN SASAC IN YUNNAN METALLURGICAL GROUP TO CHINA COPPER.CHINALCO WILL EMBARK ON INTEGRATION OF BUSINESSES IN WHICH CHALCO COMPETES WITH YUNNAN ALUMINIUM IN 2019.

En+ Group Drops Plan To Redomicile To Cyprus

Friday, 2 Nov 2018 12:40pm EDT

Nov 2 (Reuters) - En+ Group PLC ::EN+ GROUP PLC - FURTHER RE BARKER PLAN AND REDOMICILIATION.EN+ - CONTINUED TO ENGAGE OFAC, FCA, LONDON STOCK EXCHANGE, OTHER RELEVANT PARTIES & STATE AUTHORITIES ABOUT OFAC SANCTIONS.EN+ GROUP PLC - HAVE BEEN A NUMBER OF RECENT DEVELOPMENTS THAT HAVE CAUSED COMPANY TO RE-ASSESS ITS CURRENT DOMICILE.EN+ GROUP PLC - CONDUCTED A COMPREHENSIVE REVIEW AND EVALUATION OF ITS STRATEGIC OPTIONS WITH RESPECT TO ITS DOMICILE PLANS.EN+ GROUP PLC - IT WOULD BE IN BEST INTERESTS OF COMPANY NOT TO PURSUE FURTHER ANY STEPS TOWARDS REDOMICILIATION OF COMPANY FROM JERSEY TO CYPRUS.EN+ GROUP PLC - BOARD RESOLVED TO APPROVE CONTINUANCE OF CO AS LEGAL ENTITY INCORPORATED UNDER LAWS OF RUSSIAN FEDERATION.

UACJ to merge with wholly owned unit

Thursday, 30 Aug 2018 02:25am EDT

Aug 30 (Reuters) - UACJ Corp <5741.T>:Says it will merge with a wholly owned unit which is engaged in software related entrusted development, maintenance and operation, effective Nov. 1 .Says the unit will be dissolved after merger .

UACJ to transfer business to new unit

Monday, 30 Jul 2018 03:09am EDT

July 30(Reuters) - UACJ Corp <5741.T>:Says it plans to transfer coil center related sales and management related business to a new wholly owned unit, which will be established on Oct. 1.Effective Oct. 1 .

China Zhongwang Holdings Updates On Assets Restructuring And Proposed Spin-Off

Monday, 2 Jul 2018 06:37am EDT

July 2 (Reuters) - China Zhongwang Holdings Ltd <1333.HK>::UPDATES ON ASSETS RESTRUCTURING AND PROPOSED SPIN-OFF.CRED HOLDING IS UPDATING CERTAIN DOCUMENTS IN RELATION TO ASSETS RESTRUCTURING TO BE SUBMITTED TO CSRC.

Norsk Hydro warns of possible Q2 impairments due Alunorte problems

Wednesday, 25 Apr 2018 01:10am EDT

April 25 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO Q1 UNDERLYING EBIT NOK 3,147 MILLION (REUTERS POLL NOK 3.06 BILLION).ALUNORTE PRODUCING AT 50% AS OF MARCH 1, NEGOTIATIONS ONGOING WITH BRAZILIAN AUTHORITIES.BETTER IMPROVEMENT PROGRAM HIT BY BRAZIL SITUATION, NOT EXPECTED TO REACH 2018 TARGET.2018 GLOBAL PRIMARY DEMAND GROWTH OUTLOOK OF 4-5%, MARKET MOVING TOWARDS DEFICIT - INCREASED MARKET UNCERTAINTY FOLLOWING US TARIFFS, RUSAL SANCTIONS AND BRAZIL SITUATION.NORSK HYDRO Q1 REVENUE NOK 39,971 MILLION (REUTERS POLL NOK 38.72 BILLION).WE MAINTAIN VIEW OF A GLOBAL PRIMARY DEMAND OUTLOOK OF 4-5%, EXPECTING MARKET MOVING TOWARDS A DEFICIT FOR PRIMARY ALUMINIUM IN 2018.US SANCTIONS ON RUSAL HAVE CAUSED GREAT UNCERTAINTY IN WORLD'S ALUMINIUM MARKETS AND WILL IMPACT TRADE FLOWS AND AVAILABILITY OF METAL AND RAW MATERIALS THROUGHOUT ALUMINIUM VALUE CHAIN.BRAZILIAN AUTHORITIES' EMBARGO ON ALUNORTE ADDS TO UNCERTAINTY IN ALUMINUM INDUSTRY AND HAS LED TO 50 PERCENT CURTAILMENT OF ALBRAS PRIMARY PLANT AND 50 PERCENT PRODUCTION AT PARAGOMINAS BAUXITE MINE.NORSK HYDRO Q1 UNDERLYING EBITDA NOK 5,038 MILLION (REUTERS POLL NOK 5.00 BILLION).DUE TO SITUATION IN BRAZIL, HYDRO'S "BETTER" IMPROVEMENT PROGRAM IS NOT EXPECTED TO REACH 2018 TARGET OF NOK 500 MILLION.THE GLOBAL PRIMARY ALUMINIUM MARKET IS MOVING TOWARDS A DEFICIT IN 2018, DRIVEN BY SLOWER THAN EXPECTED SUPPLY GROWTH.

Aluko to buy 35.26 pct stake in Aluasia Limited for 52.15 bln won

Friday, 30 Mar 2018 06:02am EDT

March 30 (Reuters) - Aluko Co Ltd <001780.KS> ::Says it plans to buy 14,102,312 shares of Hong Kong company Aluasia Limited, which is engaged in operating consulting business, for 52.15 billion won .It will hold a 35.26 percent stake(14,102,312 shares) in target company after transaction.

Aluminum Corp Of China Signs Framework Agreement For Acquisition Of Assets

Thursday, 11 Jan 2018 04:36am EST

Jan 11 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>::ALUMINUM CORP OF CHINA - CO PROPOSES TO ACQUIRE 30.80% OF EQUITY INTERESTS IN CHALCO SHANDONG AND 36.90% OF EQUITY INTERESTS IN ZHONGZHOU ALUMINUM.ALUMINUM CORP OF CHINA - CO ENTERED FRAMEWORK AGREEMENT ON ISSUANCE OF SHARES FOR ACQUISITION OF ASSETS BY ALUMINUM CORPORATION OF CHINA LTD.ALUMINUM CORP OF CHINA - ‍CO TO ACQUIRE 25.67% OF EQUITY INTERESTS IN BAOTOU ALUMINUM AND 81.14% OF EQUITY INTERESTS IN CHALCO MINING​.ALUMINUM CORP OF CHINA - TRANSACTION WILL NOT RESULT IN A CHANGE OF CONTROL OF COMPANY, NOR WILL IT CONSTITUTE A RESTRUCTURING FOR LISTING.ALUMINUM CORP OF CHINA - CO AND COUNTERPARTIES ENTERED FRAMEWORK AGREEMENT TO REACH A PRELIMINARY INTENT ON MATTERS CONCERNING RESTRUCTURING.ALUMINUM CORP OF CHINA - CO IS EXPECTED TO DISCLOSE PROPOSAL FOR RESTRUCTURING & APPLY FOR RESUMPTION OF TRADING OF SHARES BEFORE 12 FEBRUARY 2018.

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