Chinalco adds acquisition proposal to EGM agenda

Aluminum Corporation of China (Chinalco) has announced the addition of a new proposal to its third extraordinary general meeting of shareholders for 2025. The proposal, submitted by its controlling shareholder China Aluminum Group Co., Ltd., concerns the acquisition of minority stakes in several subsidiaries of Yunnan Aluminum Co., Ltd.

The proposed acquisition involves Yunnan Aluminum purchasing 28.7425% of Yunnan Yunlv Yongxin Aluminum Co., Ltd., 27.3137% of Yunnan Yunlv Runxin Aluminum Co., Ltd., and 30% of Yunnan Yunlv Hongxin Aluminum Co., Ltd. The total transaction value for these stakes is approximately RMB 2.267 bn. This proposal was approved by Chinalco's Ninth Board of Directors at its seventh meeting on November 25, 2025.

Chinalco’s controlling shareholder believes this acquisition will optimize the company's main business, enhance its equity structure, and increase shareholder returns. The company has issued a revised power of attorney for the EGM.