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English > Industry > Industry-Breaking News>Chinalco Plans 10 Billion Yuan Share Placement

Chinalco Plans 10 Billion Yuan Share Placement

07-02 14:00 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-07-01/110191592.html

» The Aluminum Corporation of China Ltd. (Chalco) plans to raise as much as 10 billion yuan through a private share placement of 1 billion A-shares to a maximum of 10 investors, with proceeds to support three production projects and boost working capital.
» The shares will be issued within 6 months of obtaining approval from the China Securities Regulatory Commission.
» The issue price will be set to at least 90 percent of the average trading price of the company's A shares in the 20 trading days immediately preceding July 1.
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