April 20, 2014 7:38 AM ET

Diversified Financial Services

Company Overview of CHINALCO Finance Co., Ltd.

Company Overview

CHINALCO Finance Co., Ltd. provides business credit, financial deposit and related financial services. Its services include credit verification and related consultancy and agency services to member companies, and provision of assistance to associated companies in payment and receipt of transaction proceeds. The company was founded in 2011 and is based in China. CHINALCO Finance Co., Ltd. operates as a subsidiary of Aluminum Corporation Of China Limited.

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China

Founded in 2011

Key Executives for CHINALCO Finance Co., Ltd.

General Manager and Director
Compensation as of Fiscal Year 2013.

CHINALCO Finance Co., Ltd. Key Developments

China Aluminum International Engineering Corporation Limited Enters into Financial Service Agreement with CHINALCO Finance Co., Ltd

The Board announces that on August 24, 2012 China Aluminum International Engineering Corporation Limited and CHINALCO Finance Co., Ltd. entered into a Financial Service Agreement, pursuant to which Chinalco Finance has agreed to provide the Group with deposit services, settlement services, credit lending services and miscellaneous financial services subject to the terms and conditions contained in the Financial Services Agreement. The proposed maximum daily balance of RMB 1.3 billion (including any interest accrued thereon) for deposit services will only become effective upon Independent Shareholders' approval in due coures. The term of the Financial Services Agreement is three years that is from August 24, 2012 to August 23, 2015. Unless one party notifies the other party to terminate this agreement, it will be extended for another three years upon its expiry without limitation on the times of extension.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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