(Reuters) - SHANGHAI, April 17 - China's stock regulator said on Tuesday it had approved an application by Aluminum Corp. of China for a share offer in Shanghai to buy out two units in a deal worth more than $1 billion.
Chalco , the world's fourth-biggest producer of aluminium, will issue 1.237 billion Shanghai A shares at a price of 6.60 yuan each, valuing the deal at 8.16 billion yuan , although no proceeds will be raised in the buy-out deal.
Read more at Reuters.com Government Filings News
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