Core tip: China aluminum (601600) transfer of assets losses continue to move. Yesterday, the China Aluminum Industry announced that its wholly owned subsidiary, aluminum Hongkong, intends to transfer its 65% stake in Chinalco iron ore to Chinalco's wholly owned subsidiary, Chinalco overseas holdings.

The transaction price of this target is not less than the value of equity after the evaluation, and is determined by negotiation between the two parties. When the above target equity transfer agreement comes into effect, Chinalco Hongkong will transfer its debt obligations to China open bank to Chinalco overseas holdings, with a debt of 439 million US dollars.

All the big aluminum enterprises are worried about the issue of source and inquiry. Although they do this line, but they do not know what the real base price of aluminum is, so the China aluminum trading network came into being. China aluminum trading network has more than 700 registered members, these members are some aluminum companies, they all have their own price for the other members, and China aluminum trading network is the most out of the source, as long as you are a registered member, you can enjoy upload your products through a key and mass the function that makes the other more than 700 million companies see business opportunities you release of aluminum in the first time, you can promote the turnover probability.

China aluminum (601600) transfer of assets losses continue to move. Yesterday, the China Aluminum Industry announced that its wholly owned subsidiary, aluminum Hongkong, intends to transfer its 65% stake in Chinalco iron ore to Chinalco's wholly owned subsidiary, Chinalco overseas holdings.

The transaction price of this target is not less than the value of equity after the evaluation, and is determined by negotiation between the two parties. When the above target equity transfer agreement comes into effect, Chinalco Hongkong will transfer its debt obligations to China open bank to Chinalco overseas holdings, with a debt of 439 million US dollars. According to disclosure, China aluminum iron ore is the main investment of the Simon Du project, and China Aluminum Hongkong holds 65% of its equity. As of December 31, 2012, the total amount of China Al - Al - iron ore assets was $1 billion 843 million, of which the cost of long-term equity investment for the Simandou project was $1 billion 836 million.

China Aluminum said that this transaction can reduce the company's future capital expenditure, improve company's cash flow and reduce the company's asset liability ratio, which is conducive to optimizing the asset structure and meeting the fundamental interests of the company and shareholders.

China aluminum huge loss of 8 billion 234 million last year, the first half of this year net loss of 624 million yuan, up sharply reduced losses 80.82%, asset disposal has obvious effect on the process of losses. In May, Chinalco accelerated the disposal of assets. First, it transferred assets of Guizhou branch alumina production line, Northwest Aluminum processing company and 8 aluminum processing enterprises with assets valued at 8 billion yuan, and then transferred two companies with 1 billion 756 million yuan debt.