Alumina (AWC) soars 11% premarket after China's Citic says it will take a 13% stake in the...

|About: Alumina Limited (AWCMF)|By:, SA News Editor

Alumina (AWC) soars 11% premarket after China's Citic says it will take a 13% stake in the Australian company for about $468M. The price represents a 3% premium to Alumina's previous Sydney close. The big move in the stock suggests to some Citic may seek a total takeover of the company.