China's Shandong Aluminium A-share issue rejected by top shareholder Chalco

China's Shandong Aluminium Industry Co Ltd plan to issue additional A-shares has been rejected by its largest shareholder, Aluminum Corp of China Ltd (Chalco) Shandong Aluminium originally planned to issue up to 100 mn new shares to raise up to 1.2 bln yuan to fund an alumina production capacity expansion project. But Chalco will continue to help Shandong Aluminium seek other financing channels for the alumina project. (AFX - 04/19/05)