Rizhao Port (SHA:600017), through unit Rizhao Port Container Development, will invest 226 million yuan to establish a joint venture with Chinalco (Xiong'an) Mining, a unit of Aluminum Corporation of China or Chinalco, according to a Tuesday disclosure on the Shanghai bourse.
The venture, Chinalco (Rizhao) Mineral Resources Development, will have a registered capital of 647 million yuan and will engage in ore beneficiation and mineral processing, as well as freight forwarding and warehousing.
The Chinese port operator will own 35% of the venture, while Chinalco Mining will hold 65% after contributing 421 million yuan into the venture's capital, the disclosure said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。