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China Aluminum Corporation's wholly-owned subsidiary Chalco Shandong plans to transfer 100% equity of Qingdao Light Metals to Chalco High-End Manufacturing. The transaction was approved by the board on March 21, 2023, but no specific agreement has been signed yet.
China Aluminum Co. (Chalco) announced that its subsidiary Zhonglu Shandong plans to acquire 100% of Qingdao Light Metals from parent company Chinalco for CNY 300 million. Qingdao Light Metals produces aluminum and magnesium products.