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Aluminum Corp of China (Chalco) signed a framework agreement to issue shares to acquire the remaining equity in four subsidiaries: Chalco Shandong (30.80%), Zhongzhou Aluminum (36.90%), Baotou Aluminum (25.67%), and Chalco Mining (81.14%), making them wholly owned.
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.