Chalco's controlling shareholder plans up to CNY2bn share increase

Aluminum Corp of China (SSE:601600) revealed that its controlling shareholder, China Aluminum Group, along with its concert party, intends to increase its holdings of both A-shares and H-shares through trading systems on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The planned investment will range from a minimum of CNY1 billion to a maximum of CNY2 billion, with the increased holdings not exceeding 2% of the company's total share capital. This initiative reflects the controlling shareholder's confidence in Chalco's future prospects and its long-term investment value. The move is also designed to promote the company's sustainable development and protect the interests of minority investors. The increase is expected to occur within the next 12 months.