Chinalco's assets purchase from China Life and other companies approved by CSRC
2018-12-20 18:03:26 [Print]
On 19 December, Chinalco announced that its transaction of assets purchase via shares was approved by CSRC, which issued an official document on 18 December.
CSRC approved the issuance of 841 million shares from Chinalco to Huarongruitong Equity Investment Management Co., Ltd., 671 million shares to China Life Insurance Co., Ltd., 252 million shares to Shenzhen Zhaoping Chinalco Investment Center (Limited), 84.2038 million shares to China Cinda Asset Management Co., Ltd., 83.9839 million shares to China Pacific Life Insurance Co., Ltd., 84.0279 million shares to Bank of China Financial Asset Investment Co., Ltd., 67.1874 million shares to ICBC Financial Asset Investment Co., Ltd. and 33.5956 million shares to Agricultural Bank of China Financial Asset Investment Co., Ltd.
Chinalco is listed on the SHFE, SEHK and NYSE and mainly engaged in the exploitation of bauxite, coal and other resources; the production, sales and technology research of alumina, primary aluminum and aluminum alloy products; international trade, logistics industry, thermal power and new energy power generation.
CSRC approved the issuance of 841 million shares from Chinalco to Huarongruitong Equity Investment Management Co., Ltd., 671 million shares to China Life Insurance Co., Ltd., 252 million shares to Shenzhen Zhaoping Chinalco Investment Center (Limited), 84.2038 million shares to China Cinda Asset Management Co., Ltd., 83.9839 million shares to China Pacific Life Insurance Co., Ltd., 84.0279 million shares to Bank of China Financial Asset Investment Co., Ltd., 67.1874 million shares to ICBC Financial Asset Investment Co., Ltd. and 33.5956 million shares to Agricultural Bank of China Financial Asset Investment Co., Ltd.
Chinalco is listed on the SHFE, SEHK and NYSE and mainly engaged in the exploitation of bauxite, coal and other resources; the production, sales and technology research of alumina, primary aluminum and aluminum alloy products; international trade, logistics industry, thermal power and new energy power generation.
Aluminum Ingot 99.7%min In warehouse Foshan
Unit:RMB/mt
China secondary aluminum alloy producers' operating rate statistics by province by month
Unit: %
