China Minmetals to acquire 44% of MCC shares
China Minmetals Corporation, a state-owned mining and metals company, will acquire 9,171,859,770 A-shares of Metallurgical Corporation of China (MCC) from its wholly-owned subsidiary, MCC Group, in a share transfer. This represents 44.258% of MCC's total share capital. Following the transfer, China Minmetals will become MCC's direct controlling shareholder, while MCC Group's stake will decrease to 4.918%. The State-owned Assets Supervision and Administration Commission of the State Council will remain the ultimate controlling party. The transaction, classified as a non-compensated transfer of state-owned shares under the same controlling shareholder, does not require a tender offer. The deal is pending regulatory approvals and share transfer registration procedures.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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