Chinalco Leads RMB906 Million Equity Investment in Yunnan Aluminum Foil

Reuters11-21
<a href="https://laohu8.com/S/02600">Chinalco</a> Leads RMB906 Million Equity Investment in Yunnan Aluminum Foil

Chinalco High-end Manufacturing Co., Ltd., Yunnan Aluminum, and Kunming Copper, all subsidiaries of Aluminum Corporation of China Ltd. (CHINALCO), have agreed to make a combined capital contribution of RMB906.45 million to Yunnan Aluminum Foil. Chinalco High-end will contribute RMB229 million in cash, Yunnan Aluminum will provide RMB500 million in cash, and Kunming Copper will invest RMB89 million in cash and RMB88.45 million in assets, including land use rights and buildings. The transaction constitutes a connected transaction under the Hong Kong Listing Rules but is exempt from independent shareholders' approval requirements.

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