ST Guanlv Aluminum recovers relisting progress

£¨China Aluminium Network£©For three year loss of ST Guanlv Aluminium in 2008, 2009 and 2010, Shenzhen Securities decided to suspend ST Guanlv Aluminum from March 24, 2011.

Chairman of the company has urged the operation dept to strengthen production and operation management, enhance company’s profitability ability. Now ST Guanlv aluminium operates stably, deeply cultivates inner work, formulates varied appraisal system and management level has been approved. But due to high comprehensive cost, the company didn't make up the deficits and get surpluses in Q1, 2011. It is expected the net profit which belongs to company shareholders reached 600 million to 800 million Yuan.

If the company can’t have the related conditions for relisting, the company will be prohibited to be list on market.

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