Tuesday, May 13, 2008

Chalco to bid for assets of Chinalco's six units

Aluminum Corp of China Ltd (Chalco) said in a statement released yesterday that its shareholders have approved the company's plan to bid for assets of six companies owned by its parent Aluminum Corp of China (Chinalco).

The assets that Chinalco is selling include 100% of Lanzhou Liancheng Aluminium Co, 100% of SWA Cold Rolling Strip Co, 75% of Ruimin Strip Co, 60% of SWA Strip Co, 84.02% of Henan Aluminium Fabrication Co, and 56.86% of Huaxi ALuminium Co.

It was also reported that the deadline for the bidding is today.

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