Reuters reported that Aluminum Corporation of China is preparing to revive its share placement plan from 2009.

CHALCO said in July last year that it planned to raise up to CNY 10 billion by selling as many as CNY 1 billion denominated A shares to institutional investors. The plan obtained regulatory approval in April this year.

A source said that the aluminium firm was preparing a new prospectus but the amount to be raised and the total number of shares to be issued had not been fixed. Funds would be used to expand production capacity.

(Sourced from Reuters)