Yunnan Copper restructures joint venture, plans spinoff

Yunnan Copper Co., Ltd. (SZSE:000878) has announced plans for a continuing separation of its joint venture, Liangshan Mining Co., Ltd., involving related-party transactions. The initiative aims to sharpen Liangshan Mining's business focus, enhance support for its subsidiaries, and improve overall management efficiency. The restructuring involves spinning off the assets and liabilities associated with Liangshan Mining's subsidiaries, Huili City Wu Long Fumin Mining Co., Ltd. and Shangri-La Dingli Mining Co., Ltd., into a newly established company. Yunnan Copper's ownership in Liangshan Mining and the newly formed entity will remain consistent with existing holdings, at 20%. In early May, the board of directors and board of supervisors approved the continuing separation. The transaction, deemed a related-party transaction under Shenzhen Stock Exchange rules, has been approved by independent directors. Year-to-date through March 2025, Yunnan Copper's transactions with its parent and fellow subsidiaries total CNY 12.262 billion.