YCC(SZ:000878) Zheng Quan Ri Bao Wang·2025-05-23 13:44Core Viewpoint - Yunnan Copper Industry plans to acquire 40% of Liangshan Mining Co., Ltd. from its controlling shareholder, enhancing its resource integration and operational efficiency in the copper industry [1][2]. Group 1: Acquisition Details - The acquisition involves issuing shares to raise up to 1.5 billion yuan, with 1 billion yuan from China Aluminum Group and 500 million yuan from China Copper [1]. - The transaction price is set at 9.31 yuan per share, with the final valuation of Liangshan Mining pending completion of auditing and assessment [1][2]. Group 2: Strategic Importance - This acquisition is a significant step in Yunnan Copper's resource integration strategy, expected to improve its asset and profit scale, as well as its industry position [2][4]. - Liangshan Mining, which Yunnan Copper already holds a 20% stake in, will become a subsidiary, enhancing business synergy and operational capabilities [2][3]. Group 3: Financial Performance - Liangshan Mining has a strong profitability foundation, with a net asset return rate above the industry average, and the completion of the Hongnippo Copper Mine is anticipated to further boost its profitability [2][3]. - The acquisition is expected to increase Yunnan Copper's copper resource reserves and overall competitiveness in the market [2][4]. Group 4: Future Prospects - The chairman of a management firm highlighted the potential for further resource integration actions by Yunnan Copper, indicating that this acquisition may be just the beginning of a broader strategy [3]. - Yunnan Copper is committed to enhancing its resource management and exploration activities, with plans to invest 65 million yuan in geological research and exploration in 2024 [4][5].