Aluminum Corp of China boosts stake in Yunnan subsidiaries

Aluminum Corporation of China (SSE:601600) held its third extraordinary general meeting on December 22, 2025, approving several key resolutions including the acquisition of minority stakes in subsidiaries of Yunnan Aluminum Co., Ltd. This move, detailed in a November 25, 2025 announcement, involves Yunnan Aluminum acquiring a 28.7425% stake in Yunnan Aluminum Yongxin, a 27.3137% stake in Yunnan Aluminum Runxin, and a 30% stake in Yunnan Aluminum Hongxin from Yunnan Metallurgical Group. The acquisition, valued at RMB 530,848.74 for Yongxin, RMB 293,049.34 for Runxin, and RMB 1,160.00 for Hongxin (excluding other intangible assets), aims to strengthen the company's control over its aluminum production and processing operations.

Shareholders overwhelmingly passed the acquisition resolution with 99.9366% of total votes in favor. All resolutions, including seven related-party transactions for various services (social and logistical, product and service supply, ore supply, engineering services, land use rights, fixed asset leasing, and comprehensive services), and three financial service agreements, were approved. These related-party transactions, involving China Aluminum Group and its affiliates, cover the period 2026-2028, ensuring continued operational and financial support within the group.

The meeting saw 32.93% of total voting shares represented, with all resolutions passing as ordinary resolutions, requiring over 50% approval.