HK Stock Market Move | China Aluminum International Engineering Corporation (02068) fell more than 10%, market attention on potential transaction case of China Aluminum Rio Tinto, the company has rich experience in overseas operations.

China Aluminum International Engineering Corporation (02068) surged by 30% yesterday, but fell by over 10% in early trading today, dropping by 7.69% to 3 Hong Kong dollars with a trading volume of 146 million Hong Kong dollars. On the news front, according to Wall Street News citing media reports, Rio Tinto Group is exploring the possibility of asset swaps with Aluminum Corporation of China Limited. The report states that Chinalco will use its partial stake to exchange for Rio Tinto's mining assets in a cooperative relationship. The swap could allow Rio Tinto to more decisively allocate capital and engage in mergers and acquisitions. Assets that Chinalco may be interested in include the Simandou iron ore project in Guinea and the Oyu Tolgoi copper mine in Mongolia. Another potential exchange could involve Rio Tinto's titanium business. The Chairman of China Aluminum International Engineering Corporation, Li Yihua, recently stated in an interview with Shanghai Securities News that the company has the capability to provide global services, with rich overseas experience and performance. The company has 14 overseas institutions and has established six key regional markets overseas, essentially achieving global coverage in overseas operations, exporting technology and equipment to countries and regions such as Indonesia, Italy, and Guinea, and has established cooperation with enterprises, research institutions, and universities in over 40 countries and regions.