Yunnan Aluminium Plans HK Trading Subsidiary

   Date:2011/08/15

August 15 – Yunnan Aluminum (000807) plans to form a wholly controlled subsidiary in Hong Kong for US$29.8 million to develop and integrate overseas resources and serve as a financing platform for overseas projects, reports yicai.com, citing a company filing.

Yunnan Aluminum earned interim net profits of 31.36 million yuan, up 177.49 percent year-on-year.

Source:CapitalVue

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