Cnal News
19th December: Chalco and Yunnan Aluminium reached an agreement regarding a share subscription, under which Chalco agreed to subscribe for 314 million A-shares of non-public issuance of Yunnan Aluminum Co., Ltd. (the affiliated controlling shareholder) with a cash cost of about RMB4.1 per share, and a total cost of RMB1.29 billion. Once the subscription is completed, Chalco will hold a 10.04% stake in Yunnan Aluminium.
