Chalco Nodded to Acquire Baotou Aluminum

Chalco (ACH.NYSE; 601600.SH; 2600.HK) has got the nod from China Securities Regulatory Commission (CSRC) to buy out Baotou Aluminum (600472.SH).

Buoyed by the news, Chalco and Baotou Aluminum opened high _disibledevent="Times New Roman">Upon completion, newly issued shares will be traded on the Shanghai Stock Exchange and all the assets, debts and equities of Baotou Aluminum will be inherited by Chalco.

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