China Merchants Group and Chinalco’s joint venture company intends to carry out mixed ownership reform
A few days ago, China Merchants Properties (Qinghai) Co., Ltd. issued a project procurement announcement, intending to seek consulting services for mixed ownership reform and employee stock ownership projects. According to the data, in order to implement the strategic cooperation between China Merchants Group and Chinalco’s two central enterprises, in 2017, China Merchants Haitong and Chinalco International Trade Co., Ltd. jointly invested in the establishment of China Merchants Properties. China Merchants Property (Qinghai) Co., Ltd., a wholly-owned subsidiary of China Merchants Property Co., Ltd., was established in Qinghai, where production capacity is relatively concentrated. The company focuses on the aluminum industry chain and cooperates with Chinalco Group and local electrolytic aluminum factories to carry out “processing trade” business, deepen the physical processing industry, and increase the proportion of the physical trading business of investment properties.
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