[ET Net News Agency, 20 December 2019] Aluminum Corporation of China Limited (02600)
said it has agreed to subscribe for 314.05 million A shares of Yunnan Aluminum at a price
of RMB4.10 per share with the total subscription amount of RMB1.29 billion.
Chinalco is the controlling Shareholder of the company, and Yunnan Aluminum is a
subsidiary of Chinalco.
The scope of business of Yunnan Aluminum includes processing and sales of aluminum
ingots for remelting and processed aluminum products, carbon and carbon products and
alumina; wholesale, retail, purchase and sale as an agent for construction materials, etc.
(RC)