Aluminum Corp. of China (SHA:601600, HKG:2600), or Chalco, terminated the proposed transfer of Qingdao Light Metal's equity and the assets and equity of Yunnan Aluminum's subsidiaries to Chinalco High-end Manufacturing, according to a Tuesday filing with the Shanghai bourse.
The company said it has rearranged the asset and equity transfer plans and instead intends to use Qingdao Light Metal's renewable resources into a recycling industry base, promoting the company's green and low-carbon transformation and achieving sustainable development.
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