Chalco to transfer 60% interest in Nanhai Alloy for $19.55 Mln

Aluminium Corporation of China (Chalco) listed a 60% interest in an alloy-making subsidiary on Shanghai United Assets and Equity Exchange (SUAEE) to transfer for 119.58 million yuan ($19.55 million).

Chalco listed its stake in the Foshan, Guangdong province-based Chalco Nanhai Alloy Co. on the SUAEE on Dec. 20 and would keep the information till Jan. 20, 2014, according to the exchange data.

China's largest alumnium maker has been disposing of fabrication segments over the past couple of years to focus more on the upstream sectors.

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