Chalco proposes RMB 5 billion offering of long-term bonds

By Laura Lutz

Washington, Feb. 12 - Aluminum Corp. of China Ltd. (Chalco) announced that it will seek shareholder approval for a possible offering of up to RMB 5 billion of long-term corporate bonds.

The company will ask shareholder to approve the measure at a special general meeting on Feb. 27.

The timing and terms of the deal would be at the discretion of the board.

Beijing-based Chalco is a maker of alumina, which is refined from bauxite and is used in producing aluminum.

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