Brief: Chalco To Bid For Stake In Shanxi Firm, Gets Regulatory Approval For Asset Acquisition

Accendra Health

20/11/2018 09:17

Nov 20 (Reuters) - Aluminum Corp Of China Ltd
 601600.SS  2600.HK  ACH.N :
    * SAYS IT PLANS TO BID FOR 50 PERCENT STAKE IN SHANXI
ALUMINUM
FIRM WITH AN ESTIMATED VALUE AT 2.67 BILLION YUAN  ($384.64
million)
    * SAYS IT GETS SECURITIES REGULATOR'S APPROVAL FOR ASSET
ACQUISITION, A-SHARE TRADE TO RESUME ON NOV 21
    * SAYS IT PLANS TO BOOST CAPITAL OF UNIT IN SHANGHAI FREE
TRADE
ZONE BY 1.0 BILLION YUAN TO 1.03 BILLION YUAN
    * SAYS UNIT PLANS TO BUY CONNECTED ASSETS FOR 100.1 MILLION
YUAN 
FROM CONTROLLING SHAREHOLDER'S AFFILIATES

Source text in Chinese: https://bit.ly/2FugzSN;
https://bit.ly/2S4GQZ5; https://bit.ly/2Q8ROj4
Further company coverage:  601600.SS  2600.HK  ACH.N 

($1 = 6.9415 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
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Reuters Messaging: chyenyee.lee.reuters.com@reuters.net))