Chalieco Renews Financial Services Deal With Chinalco Finance

MT Newswires Live08-14 09:59

China Aluminum International Engineering (HKG:2068, SHA:601068) or Chalieco agreed to renew a financial services agreement with Chinalco Finance for three years from 2027, according to a Thursday Hong Kong bourse filing.

The agreement covers deposit, settlement, credit lending, and other financial services.

The daily maximum deposit balance will be capped at 6 billion yuan, and the daily maximum credit balance at 8 billion yuan.

Chinalco, which owns 72.88% of China Aluminum International Engineering, controls Chinalco Finance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment