Chinalco Promises to Eliminate Horizontal Competition with JiaoZuo WanFang

[China Aluminum Network] August 23, Shanghai Security News announces that Chinalco Promises to eliminate horizontal competition with JiaoZuo WanFang (000612) within five years.

Data indicate that as a giant shareholder of JiaoZuo WanFang, Chinalco holds 24% shares of JiaoZuo WanFang while JiaoZuo WanFang itself only accounts for 10.67%. Both the two parties engage in electrolytic aluminum business at present.

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