CHALCO (02600.HK): RMB6.56 Billion Guinea Alumina EPC Deal
- The board approved a fixed-price EPC contract of about RMB6.55557 billion for the Guinea alumina project in Boffa.
- CHALIECO is a Chinalco subsidiary and thus a connected person, making the deal a connected transaction.
NewTimeSpace News: On 6 November 2026, Aluminum Corporation of China Limited (Stock Code: 2600) announced that its board approved a planned EPC contract between its subsidiary Chalco Guinea and China Aluminum International Engineering Corporation Limited (CHALIECO, Stock Code: 2068) for the Guinea alumina project in the Boffa region.
The announcement shows that the contract is a fixed lump-sum contract of about RMB6.55557 billion, not adjustable except as provided in its terms. CHALIECO is a subsidiary of Chinalco, the controlling shareholder, and is therefore a connected person, making the transaction a connected transaction under Chapter 14A. As the highest applicable percentage ratio may exceed 5% but stay below 25%, it is also a potential discloseable transaction under Chapter 14, subject to reporting, announcement and independent shareholders' approval.
