(Bloomberg) -- Shares of Aluminum Corp. of China
Ltd., the nation's biggest producer of the metal, and Baotou
Aluminum Co. were suspended today amid speculation Chalco, as
Aluminum Corp. is known, will buy Baotou assets from its parent.
The two producers didn't give a reason for the suspension
in statements to the Shanghai Stock Exchange. The move comes a
day after Chalco's parent, Chinalco, acquired Peru Copper Inc.
for C$840 million ($792 million). Chalco's investor relations
manager Zhang Qing said the suspension relates to Baotou,
without elaborating.
Read more at Bloomberg Emerging Markets News
Ltd., the nation's biggest producer of the metal, and Baotou
Aluminum Co. were suspended today amid speculation Chalco, as
Aluminum Corp. is known, will buy Baotou assets from its parent.
The two producers didn't give a reason for the suspension
in statements to the Shanghai Stock Exchange. The move comes a
day after Chalco's parent, Chinalco, acquired Peru Copper Inc.
for C$840 million ($792 million). Chalco's investor relations
manager Zhang Qing said the suspension relates to Baotou,
without elaborating.
Read more at Bloomberg Emerging Markets News
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