Brief: Chalco's 2016 profit surges 170.8 pct y/y, plans light alloy project

Accendra Health

23/03/2017 11:11

March 23 (Reuters) - Aluminum Corp Of China Ltd 
 601600.SS  2600.HK  
    * Says 2016 net profit up 170.8 percent y/y at 409.5 million 
yuan ($59.47 million) 
    * Says board approves to issue up to $1.0 billion offshore 
bonds in 2017 
    * Says board approves to invest up to 700 million yuan in 
light alloy material project with total investment at about 3.9 
billion yuan in Guizhou 
    * Says board approves to buy 40 percent stake in Chinalco's 
Shanghai unit for 1.4 billion yuan 
 
 
    Source text in Chinese:http://bit.ly/2nav3dA ; 
http://bit.ly/2nGe6KR; http://bit.ly/2nqKGQe 
    Further company coverage:  601600.SS  
 
($1 = 6.8862 Chinese yuan renminbi) 
 
 (Reporting by Hong Kong newsroom) 
 ((meg.shen@thomsonreuters.com; 852-28436901; Reuters Messaging: 
meg.shen.thomsonreuters.com@reuters.net))