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Aluminum stocks weakened, Aluminum Corporation of China (02600) fell by 4.91%, the Nonferrous Metals Industry Association stated that there are irrational factors in the trend of aluminum oxide prices.
Jingu Finance | Aluminum stocks weakened. As of the time of publication, Aluminum Corporation of China (02600) fell by 4.91%, Chinahongqiao (01378) fell by 2.34%, and Xingfa Alum (00098) fell by 1.36%. On the news front, a relevant person in the China Nonferrous Metals Industry Association responded to questions from reporters about the current aluminum oxide market: We believe that there are irrational factors in the trend of aluminum oxide prices, and there is obvious excessive speculation by capital. Based on current costs and price calculations, the average profit of the aluminum oxide industry exceeds 2000 yuan per ton, which is unsustainable and should not continue. First, we hope that all parties will respect the market, comply with the rules,
Xingfa Aluminum (00098.HK) sells 2.8% stake in Guangxin Innovation Research Institute and cashes out 12.19 million yuan.
Xingfa Alum (00098.HK) announced a related trade, selling all of Guangxin Holdings' 2.8% stake in the Guangxin Innovative Research Institute in Guangdong Province to the controlling shareholder, Guangxin Holdings, for a consideration of 11.19 million RMB (approximately 12.19 million HKD).
Xingfa Aluminium Arm to Dispose Stake in Guangdong Guangxin Innovative Research Centre
Xingfa Alum (00098) subsidiary plans to sell a portion of equity in Guangdong Guangxin Innovation Research Institute
Xingfa Alum (00098) announced in a statement that on November 6, 2024, Guangdong Xingfa (the company's indirectly wholly-owned subsidiary...
xingfa alum (00098.HK) entered into an equity transfer agreement.
Graycell News November 6 - xingfa alum (00098.HK) announced that on November 6, 2024, guangdong xingfa (the company's indirect wholly-owned subsidiary), fspg hi-tech, and star lake bioscience entered into an equity transfer agreement with Guangxin Holdings. According to the equity transfer agreement, guangdong xingfa, fspg hi-tech, and star lake bioscience have agreed to sell and transfer 2.80% equity of Guangxin Innovation Research Institute Co., Ltd., while Guangxin Holdings has agreed to acquire and accept a total of 8.40% equity of the target company. The total consideration for the sale is approximately RMB 33,559,390. On the date of this announcement.
Sealand: Eco-friendly policies affecting aluminum processing rates, alumina remains strong.
On the domestic front, the State Council stated that it will continue to effectively implement a package of incremental policies, evaluate and optimize policies in a timely manner.
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