Summary by Moomoo AI
Aluminum Corporation of China (CHALCO) announced on October 15, 2024 that its wholly-owned subsidiaries Shandong Aluminum, China Aluminum International Engineering Corporation, and Shandong Construction have entered into a capital increase agreement, with a total cash capital increase of 0.5 billion Chinese yuan in Shandong Construction. Among them, China Aluminum International contributes 0.3 billion yuan, while Shandong Aluminum contributes 0.2 billion yuan. This capital increase will not change the equity ratio of China Aluminum International and Shandong Aluminum in Shandong Construction, maintaining 60% and 40% respectively. After completion, the registered capital of Shandong Construction will increase to 774.607 million yuan. As both China Aluminum International and Shandong Construction are subsidiaries of the Aluminum Corporation of China, this capital increase constitutes a connected transaction under Chapter 14A of the Hong...Show More