# Chalco Shanghai to acquire Suzhou Zhongcai from Chinalco Group

Aluminum Corporation of China's subsidiary Chalco Shanghai plans to acquire 100% equity of Suzhou Zhongcai from parent Chinalco Group for 23.74 million yuan.

- Type: Acquisition
- Announced: 2019-04-29
- Where: China
- Value: $3.50M (23.7M CNY)
- Status: announced
- Products: metal materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Chinalco](https://endata.com/companies/29047.md) (partner)
- [Chalco Shanghai](https://endata.com/companies/39088.md) (acquirer)
- [Suzhou Zhongcai](https://endata.com/companies/39089.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/200418.html), 2019-04-29: "中国铝业股份有限公司全资子公司中铝(上海)有限公司拟以协议方式收购公司控股股东中国铝业集团有限公司附属公司苏州中色金属材料科技有限公司100%股权。"

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