BRIEF-Aluminum Corp Of China says board approved proposed acquisition of 40% equity interests in Chalco Shanghai

March 23 (Reuters) - Aluminum Corp Of China Ltd-

* Proposed Acquisition Of 40% Equity Interests In Chalco

Shanghai

* Proposed acquisition of 40% equity interests in Chalco

Shanghai was approved by the board

* Company has not yet entered into any concrete agreement

with Chinalco with respect to acquisition of 40% equity

interests in Chalco Shanghai

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