BEIJING, July 19 (Xinhua) -- Aluminum Corporation of China Limited (Chalco, 601600.SH; 02600.HK) announced late Wednesday a plan to acquire carbon assets and equity interests owned or held by certain affiliated enterprises of Chinalco Assets Operation and Management Co., Ltd (Chinalco Assets).
Transaction price is expected to total 736 million yuan, reported Shanghai Securities News.
The plan includes the acquisition of the assets and relevant liabilities of the carbon plant under Shandong Aluminum Industry Co., Ltd, the acquisition of the assets and relevant liabilities of the carbon plant under Pingguo Aluminum Company Limited, the acquisition of 49 percent equity interests in Baotou Sendu Carbon Company Limited, as well as the acquisition of 57.69 percent and 19.96 percent equity interests in Chibi Great Wall Carbon Products Company Limited.
Chinalco Assets is a wholly-owned subsidiary of Aluminum Corporation of China (Chinalco), the controlling shareholder of Chalco, and therefore is a connected person of Chalco. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
A single purchase
