China's Chalco gets regulatory nod for shr placement

SHANGHAI, April 16 - Aluminum Corp of China Ltd (Chalco) said on Friday it had received regulatory approval for a private placement of up to 1 billion yuan-denominated A shares, which could raise over 10 billion yuan ($1.5 billion) based on its current market price.

The world's largest aluminium producer by market value said the approval by the China Securities Regulatory Commission would be valid for six months.

Chalco's <601600.SS> <2600.HK> Shanghai-listed A shares last closed at 13.42 yuan each. ($1=6.826 Yuan)