17 AUGUST 2011capitalvue
Chalco Private Placement Approved
Edited by : AL CIRCLE
1 min read
Aluminum Corporation Of China’s (Chalco) (601600,2600.HK) private placement was approved by the China Securities Regulatory Commission in April 2010, reports Yicai.com, citing a company filing.
Chalco previously planned to raise up to 10 billion yuan by issuing no more than one billion A shares at a minimum price of 9.28 yuan per share. The company hoped the issuance would fund aluminum oxide production, mineral processing system expansion and supplement its working capital.
Chalco previously planned to raise up to 10 billion yuan by issuing no more than one billion A shares at a minimum price of 9.28 yuan per share. The company hoped the issuance would fund aluminum oxide production, mineral processing system expansion and supplement its working capital.
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