HK Stock Movement | CHALIECO (02068) Opens Over 6% Higher After Consortium Wins Qingtongxia Electrolytic Cell Project Worth RMB 2.909 Billion

Stock News11-28

CHALIECO (02068) opened more than 6% higher, rising 6.07% to HKD 2.62 by the time of reporting, with a turnover of HKD 1.1816 million.

The company announced that on November 27, its subsidiary Shenyang Aluminum & Magnesium Engineering & Research Institute Co., Ltd. (as the lead party), along with China Nonferrous Metals Industry Sixth Metallurgy Construction Co., Ltd., Qiyi Installation Engineering Co., Ltd., Yunnan Construction Investment Machinery Manufacturing & Installation Engineering Co., Ltd., and Minmetals 23rd Metallurgical Construction Group Co., Ltd., formed a consortium that won the Qingtongxia electrolytic cell "replacement of small with large" upgrade project. The total contract value is approximately RMB 2.909 billion.

The announcement noted that if the contract is formally signed and smoothly executed, it will help expand the company's operational scale and positively impact its current and future financial performance. The project is expected to enhance CHALIECO's sustainable profitability, though the exact financial impact cannot yet be quantified.

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