SHANGHAI: Aluminium Corp of China Ltd (Chalco), the world's No. 2 alumina maker, is to buy two units and list its shares in Shanghai. The US$1bil deal will make it the fifth largest firm on domestic bourses.
The 8.2 billion yuan deal, which will involve delisting the units, underscores the growing number of big Chinese companies finding their way on to Shanghai's fast expanding bourse.
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