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Aluminum Corp of China to acquire 66% stake in Xinghua Technology for 516M yuan · Endata

◂ Announcements

Steel and Metal Productsworld trade 2024+3.9% 5Y CAGR

Dec 5, 2016ACQUISITIONChina

Aluminum Corp of China to acquire 66% stake in Xinghua Technology for 516M yuan

Aluminum Corporation of China (Chalco) and its subsidiary Chalco Shandong have agreed to acquire a combined 66% stake in Xinghua Technology from Shanxi Aluminum and Shandong Aluminum for approximately 516 million yuan. The transaction is expected to close after conditions are met.

Value

$75.0M (516.0M CNY)

Status

Announced

Productsaluminaaluminum products

CompaniesAluminum Corporation of China acquirer Chalco Shandong acquirer Xinghua Technology target Shanxi Aluminum partner Shandong Aluminum partner

Sectors#Steel and Metal Products

“此次收购兴华科技股权交易完成后，兴华科技将成为公司的非全资附属公司。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com中国铝业(02600)拟斥资5.16亿元收购兴华科技66%的股权Dec 5, 2016

Summarized from public sources; check the original articles before acting on it.

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Aluminum Corporation of China acquirer Zhongal Shandong Co. acquirer beta.zhitongcaijing.com

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