Yunnan Copper invests in Sichuan copper smelting expansion

Yunnan Copper (SZSE: 000878) announced a strategic investment to establish a new holding subsidiary in Sichuan Province, focusing on copper smelting and processing. The total registered capital for the new entity will be 500 million yuan, with Yunnan Copper contributing 300 million yuan in cash, representing a 60% ownership stake. The remaining 40%, or 200 million yuan, will be invested by Liangshan Industrial Investment Development Group. The initiative aims to optimize Yunnan Copper's industry footprint by establishing a complete copper value chain in Sichuan. The company approved the investment during its 9th board and 9th supervisory committee meetings and intends to fund the investment through its own capital resources.