Caixin
BUSINESS & TECH

Chalco to Buy Back Equity in Four Units

The Beijing headquarters of the Aluminum Corporation of China Ltd. The company is one of many state-owned firms restructuring their businesses as part of a national push to improve efficiency in the public sector. Photo: Visual China
The Beijing headquarters of the Aluminum Corporation of China Ltd. The company is one of many state-owned firms restructuring their businesses as part of a national push to improve efficiency in the public sector. Photo: Visual China

China’s largest primary aluminum producer will buy back equity in four subsidiaries as part of a major restructuring plan.

In addition to having signed a buyback plan with eight state-backed companies, Aluminum Corporation of China Ltd. (Chalco) will also continue to suspend the trading of its Shanghai-traded A-shares, it said in a stock exchange filing late Thursday. The company has also listed its H-shares, which have not been suspended, in Hong Kong and on the New York Stock Exchange.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2018 Caixin Global Limited. All Rights Reserved.