The Aluminum Corp. of China, or Chalco (ACH.NYSE; 02600.HK; 601600.SH), intends to transfer its stake in the Qinghai Yellow River Hydropower Recycled Aluminum Co., which has an assessed value of 600 million yuan.
The offer, involving the 30-percent stake Chalco owns in the Qinghai firm, is quoted on Beijing Equity Exchange from September 23 till October 26, 2015.
Qinghai Yellow River Hydropower Recycled Aluminum Co., with aluminum smelting and processing as main business, incurred a net loss of 757 million yuan in 2014 and lost another 566 million yuan in the first seven months of 2015.
Chalco is the largest shareholder of Qinghai Yellow River Hydropower Recycled Aluminum.
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