(Reuters) - The acquisitive listed company -- known also as Chalco -- has
said it would start buying aluminium processing plants from its
state parent in 2007, a common move via which major public
corporations pick up valuable assets.
Shares in Baotou Aluminium were also suspended on
Tuesday. In January, Chalco's parent -- Chinalco -- bought 80
percent of subsidiary Baotou Aluminium Co. in a
government-arranged asset transfer. That acquired firm owns 55
percent of Shanghai-listed Baotou Aluminium Co.
Read more at Reuters.com Mergers News
said it would start buying aluminium processing plants from its
state parent in 2007, a common move via which major public
corporations pick up valuable assets.
Shares in Baotou Aluminium were also suspended on
Tuesday. In January, Chalco's parent -- Chinalco -- bought 80
percent of subsidiary Baotou Aluminium Co. in a
government-arranged asset transfer. That acquired firm owns 55
percent of Shanghai-listed Baotou Aluminium Co.
Read more at Reuters.com Mergers News
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