Chalco to subscribe Yunnan Aluminum's non-public offering of shares

On late November 21, Chalco announced that the company intends to subscribe non-public offering of shares of Yunnan Aluminum Co.Asian Metal Copyright Both Chalco and Yunnan Aluminum are under Chinalco.Asian Metal Copyright, Ltd.Asian Metal CopyrightOn late November 21, Chalco announced that the company intends to subscribe non-public offering of shares of Yunnan Aluminum Co.Asian Metal Copyright The subscription proportion shall not be lower than 5% of the total shares and the amount shall not exceed 1.Asian Metal Copyright5 billion yuan 0.Asian Metal Copyright5 billion yuan (0.Asian Metal Copyright5 billion yuan 0.Asian Metal Copyright21 billion US dollars).Asian Metal Copyright Chalco said Yunnan Aluminum, as a subsidiary of Chinalco, competes with it in alumina, priamry aluminum and other business.Asian Metal Copyright Both Chalco and Yunnan Aluminum are under Chinalco.

Chalco said Yunnan Aluminum, as a subsidiary of Chinalco, competes with it in alumina, priamry aluminum and other business. The subscription is conducive to solving the competition and is in line with the its development strategy and interest.

.Asian Metal Copyright5 billion yuan 0Asian Metal Copyright