# 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.

- Type: Acquisition
- Announced: 2016-12-05
- Where: China
- Value: $75.0M (516.0M CNY)
- Status: announced
- Products: alumina, aluminum products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aluminum Corporation of China](https://endata.com/companies/20411.md) (acquirer)
- [Chalco Shandong](https://endata.com/companies/20412.md) (acquirer)
- [Xinghua Technology](https://endata.com/companies/20413.md) (target)
- [Shanxi Aluminum](https://endata.com/companies/20414.md) (partner)
- [Shandong Aluminum](https://endata.com/companies/20415.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/33837.html), 2016-12-05: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.