Shares in Chalco, the nation’s second largest smelter of the lightweight industrial metal, gained strongly on Tuesday after it unveiled debt-for-equity swap deals at four of its subsidiaries with eight investors, worth US$1.9 billion. Photo: Imaginechina

Shares in China’s Chalco rise after state firm reveals plans to raise US$1.90b by selling stakes in four units

Deals involve state asset managers and insurers in debt-for-equity swaps, and are considered part of China’s supply side reforms

Topic |   Commodities

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Shares in Chalco, the nation’s second largest smelter of the lightweight industrial metal, gained strongly on Tuesday after it unveiled debt-for-equity swap deals at four of its subsidiaries with eight investors, worth US$1.9 billion. Photo: Imaginechina
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