Yunnan Aluminium shifts funds to acquire stake in Yongxin Aluminium

Yunnan Aluminium announced changes to its fundraising projects, allocating funds to acquire a 28.7425% stake in Yunlv Yongxin Aluminium Co., Ltd. The acquisition price for this stake is CNY 145,081,950.00. This move is part of the company's strategy to enhance operational efficiency, reinforce its green aluminum integrated industrial chain, increase electrolytic aluminum equity capacity, and boost operating profits.

The company will reallocate unused funds from the "Wenshan Medium-to-Low Grade Bauxite Integrated Utilization Project" and surplus funds from the completed "Green Low-Carbon Hydropower Aluminum Integrated Project" for this acquisition. The transaction, involving a related party, will increase Yunnan Aluminium’s controlling stake in Yunlv Yongxin, aligning with its strategic goals of improving profitability and sustainable development.