Print Page  |  Contact Us  |  Sign In  |  Register
News & Press: Industry News

Regulator Approves $1.84 Billion Boost for Chalco as Aluminum Industry Woes Continue

Monday, December 31, 2018   (0 Comments)
Posted by: Annie Nguyen
Share |

Regulator Approves $1.84 Billion Boost for Chalco as Aluminum Industry Woes Continue

By David Kirton

Dec 20, 2018 08:16 PM

BUSINESS & TECH

Regulators gave the green light for metals giant Aluminum Corp. of China Ltd. (Chalco) to sell shares to a range of state-run investors as it looks to inject funds while the aluminum industry continues through a rocky patch.

The listed company, whose main shareholder is state-owned behemoth Aluminum Corp. of China (Chinalco), said that the China Securities Regulatory Commission (CSRC) had approved plans to issue shares with underlying asset value of 12.7 billion yuan ($1.84 billion), according to a filing (link in Chinese) with the Shanghai Stock Exchange...

https://www.caixinglobal.com/2018-12-20/regulator-approves-184-billion-boost-for-chalco-as-aluminum-industry-woes-continue-101361663.html


Community Search
Sign In


Latest News




Services

Industries
About Us
Petroleum Coke Quarterly Refiners Who We Are
Calclined Petroleum Coke Report Traders Offices
Single Client Studies Calciners

Annual Petcoke Conference
End-Users

 

Advisian | The Carbon Group | 5995 Rogerdale Road, Houston, TX 77072 | O: 1.832.351.7840 F: 1.832.351.7887 | www.petcokes.com