China Minmetals boosts Qinghai Salt Lake stake to 26.38%

China Minmetals Group, the controlling shareholder of Qinghai Salt Lake Industry, acquired an additional 53 million shares via block trades on July 25, representing 1% of the company's total share capital.

Combined with earlier purchases of 4 million shares in May, China Minmetals and its concert party now control 26.38% of Qinghai Salt Lake Industry. The acquisitions are part of a plan announced in April to purchase at least 211.7 million shares.