Yunnan Copper awaits review for asset acquisition and funding

Yunnan Copper Co., Ltd. has announced that the Shenzhen Stock Exchange's (SZSE) Mergers and Acquisitions Restructuring Review Committee will soon review its proposed transaction. This transaction involves the company issuing shares to acquire a 40% stake in Liangshan Mining Co., Ltd., currently held by Yunnan Copper (Group) Co., Ltd. Simultaneously, the company plans to issue shares to Aluminum Corporation of China Limited and China Copper Co., Ltd. to raise supporting funds for this acquisition.

The specific date for the committee meeting is yet to be determined and will be announced later. The completion of this transaction is contingent upon SZSE approval and a registration decision from the China Securities Regulatory Commission (CSRC). The company emphasizes that the timing of these approvals remains uncertain.

Yunnan Copper will provide timely updates on the progress of this matter, fulfilling its information disclosure obligations. Investors are advised to exercise caution in their decision-making and be aware of potential investment risks associated with this transaction.