Chalco Shandong Engineering Technology Co., Ltd. announced it will receive CNY 500 million in a equity round of funding on October 15, 2024. The transaction included participation from returning investor China Aluminum International Engineering Corporation Limited (SHSE:601068) will invest CNY 300 million to retain its 60% stake and Aluminum Corporation of China Limited will invest CNY 200 million to retain its 40% stake in the company. The transaction has approved in the 26th meeting of the 8th Board of Directors post the transaction Aluminum Corporation of China Limited will increase capital from CNY 274.607 million to RMB 774.607 million.

The transaction is expected to close in within 10 working days.