HK Stock Market Move | China Aluminum International Engineering Corporation (02068) rose more than 4%. Its subsidiary signed an engineering, procurement, and construction (EPC) contract for the Tongliao Green Power Aluminum Project with a total investment exceeding 23.8 billion yuan.

China Aluminum International Engineering Corporation (02068) rose more than 4%, as of the time of writing, it increased by 4.41% to 2.13 Hong Kong dollars, with a turnover of 11.89 million Hong Kong dollars. In terms of news, China Aluminum International Engineering Corporation announced that its wholly-owned subsidiary, Shenyang Institute, formed a consortium with China 22 Metallurgical Group, the company's wholly-owned subsidiary, 6th Metallurgical, and Yunnan Construction Investment Machinery to win the bid for the 350,000-ton Green Electric Aluminum Project in Zhaohannaoer, Tongliao City (Zhaalum Phase II). Recently, the consortium signed a general contract for the project with Inner Mongolia Huo'Coal Hongjun Aluminum Electric Zhaohannaoer Branch, involving a total investment of 2.799 billion RMB, with Shenyang Institute and 6th Metallurgical responsible for the implementation of approximately 23.81 billion RMB, accounting for about 10.66% of the company's 2023 audited operating income. The company believes that if the project is successfully implemented, it will have a positive impact on the company's current and future year's performance, and will help improve its sustainable profitability.