Stocks News
- Shanghai News
Date: 27-Apr-2007 Sources: (Shenzhen Daily)
ALUMINUM Corp. of China (Chalco), the world's second-biggest producer of alumina, will list on the Shanghai Stock Exchange on Monday after a share offer to buy out two units in a deal worth more than US$1 billion.
Chalco issued 1.237 billion Shanghai A shares at 6.60 yuan each, valuing the deal at 8.16 billion yuan (US$1.06 billion), although no proceeds were raised in the buyout deal, it said in a listing statement Thursday. The shares were exchanged for stock in two Chalco units: smelter Lanzhou Aluminum Co. and alumina maker Shandong Aluminum Industry Co., which would be delisted Monday, the statement said.
Sponsor Results:
