皇冠体育app

Aluminum Corp of 皇冠体育app (皇冠体育applco), parent of its listed arm Chalco, has acquired the controlling stake of Northeast Light Alloy Co Ltd (NELA), a State-owned enterprise in the defense industry.

Sources told 皇冠体育app Daily that a deal was inked over the weekend in Harbin - where the NELA is headquartered - with 皇冠体育applco agreeing to participate in NELA's restructuring by acquiring 75 percent of its 1.6 billion yuan of assets.

皇冠体育applco is 皇冠体育app's largest aluminum and alumina producer. It paid 1.2 billion yuan to gain the controlling stake of NELA, considered the nation's largest manufacturer of aluminum and magnesium alloy.