CHALCO subsidiary Yunnan aluminum completes minority stake acquisitions

Aluminum Corporation of China Limited (CHALCO) has confirmed that all conditions for Yunnan Aluminum's acquisition of minority equity interests in Yunlv Yongxin, Yunlv Runxin, and Yunlv Hongxin have been fulfilled. The acquisition involves 28.7425% in Yunlv Yongxin, 27.3137% in Yunlv Runxin, and 30% in Yunlv Hongxin, to be acquired from Yunnan Metallurgical by cash through a non-public transfer.

Detailed valuations were provided, with China United Appraisal using a discounted cash flow method for Yunlv Yongxin and Yunlv Runxin. Yunlv Yongxin's total equity attributable to shareholders was valued with an enterprise value of RMB5,308.4874m. Yunlv Runxin's total equity attributable to shareholders was valued with an enterprise value of RMB2,930.4934m.

For Yunlv Hongxin, an asset-based approach was used, with land use rights appraised at RMB186,820,500.00, significantly higher than its book value due to regional socio-economic development and infrastructure enhancements. Machinery and equipment had an appraised value of RMB1,160.00, reflecting impairment from rapid technological advancements.