12th Rare Earth Summit
May 21-22, 2020
Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
May 14-15, 2020
Hangzhou, Zhejiang, China
9th Magnesium Summit
April 9-10, 2020
Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
Mar 12-13, 2020
Hangzhou, Zhejiang, China
7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
CHALCO to acquire Qingdao Light Alloy
2017-12-29 15:48:44 【Print】
CHALCO announced on 28 Dec that its wholly-owned subsidiary CHALCO Shandong plans to acquire 100% shares of Qingdao Light Alloy Co., Ltd. (Qingdao Light Alloy) held by CHALCO with about RMB300 million via agreement.
The registered capital of Qingdao Light Alloy is RMB418 million, whose main businesses include production and sales of aluminum, magnesium, smelting and processing products.
The company could make strategic layout for the secondary aluminum alloy industry via this acquisition. The secondary aluminum alloy industry is an environmental protection one, and the development of this industry corresponds to the national policy, meanwhile supports the primary aluminum business. CHALCO Shandong could make arrangement for its businesses and aluminum processing after this acquisition.
.
The registered capital of Qingdao Light Alloy is RMB418 million, whose main businesses include production and sales of aluminum, magnesium, smelting and processing products.
The company could make strategic layout for the secondary aluminum alloy industry via this acquisition. The secondary aluminum alloy industry is an environmental protection one, and the development of this industry corresponds to the national policy, meanwhile supports the primary aluminum business. CHALCO Shandong could make arrangement for its businesses and aluminum processing after this acquisition.
.