BEIJING, March 14 (InfoChina) – Aluminum Corp of China (Chalco, ACH.NYSE, 2600.HK), world’s second largest alumina producer and top aluminum smelter of China, is striving to introduce assets from its parent company CHINALCO as soon as it lands on the A-share market.

“After presentation on the A-share market, Chalco will firstly eliminate internal competition between the parent company and the listing company, and then gradually let in assets from the parent company”, said Xiao Yaqing, chairman and CEO of Chalco.

Chalco will introduce assets from the parent company that are greatly associated with the business with the listing company, then make relative restructuring and construction expansion before final injection, Xiao said, adding that market status will decide the mode of injection, including a whole-scale listing or only putting in the equities of the specific assets held by the parent company.

Thanks to asset acquisition, sales growth and streamlined production chains, Chalco posted a net profit of 11.745 billion yuan in 2006, soaring a six-year record 67 percent year on year. The operating turnover totaled 61.896 billion yuan, jumping 64 percent.