Yunnan Copper to acquire Liangshan mining assets in share swap

Yunnan Copper (SZSE:000878) has announced plans to acquire a 40% stake in Liangshan Mining through a share swap with Yunnan Copper Group, the parent company of Yunnan Copper. The company will also raise supporting funds via share issuance to China Aluminum Group and China Copper. Liangshan Mining is primarily engaged in copper, and the proposed share swap will solve horizontal competition that exists between Yunnan Copper and Liangshan.