ALUMINUM Corp of China Ltd (Chalco) has raised net proceeds of about 4.2 billion H dollars (1 US dollars = 7.75 H dollars) in a share placing to fund domestic primary smelter acquisitions. JP Morgan Securities, CLSA and China International Capital Corp Hong Kong Securities acted as agents for the placing of a total of 644.1 million foreign-listed (H) shares at 7.25 H dollars/share this Tuesday. The shares were sold at a 3.33 percent premium to the average five-day closing price prior to the placing, and represented 5.53 percent of the company's enlarged share capital.
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