Chalco acquires 3 units from parent subsidiary
31 times viewed.
Wednesday, 04 Nov 2009
Chalco announced to have acquired equities of 3 subsidiaries of Zhongzhou Aluminum Company via open trade on Shanghai Assets and Equity Exchange involving a total value of CNY 30 million.
Through open bidding, Chalco acquired 100% stake of Zhongzhou Aluminum Construction Company, Hongrui Chemical and Xincheng Construction Company for CNY 14.43 million, CNY 12.2 million and CNY 3.37 million respectively.
(Sourced from China Mining)
