November 22 -- CHALCO Property Development listed a 9.5 percent stake in CHALCO International Trading for sale at the China Beijing Equity Exchange for a price of 115 million yuan, reports China Securities Journal.
In addition, CHALCO International Trading listed a five percent stake in CHALCO International Engineering for sale at a price of 157 million yuan.
Aluminum Corporation Of China （601600, 2600.HK） holds the remaining 90.5 percent stake in CHALCO International Trading.
CHALCO International Trading had total assets of 6.114 billion yuan as of end September. The trading company generated operating revenue of 39.153 billion yuan in 2009. Net profit hit 472 million yuan.
According to an unnamed analyst, CHALCO Property Development could be transferring the stake in CHALCO International Trading due to a policy launched by the State-owned Assets Supervision and Administration Commission on March 18 that the 78 central state-owned enterprises should withdraw from their property businesses.
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