焦作万方重组三门峡铝业迎进展 重组草案获股东会高票通过

Core Viewpoint - The successful approval of the major asset restructuring proposal by Jiaozuo Wanfang marks a significant step in acquiring a controlling stake in Sanmenxia Aluminum, enhancing the company's asset quality and profitability [1][2] Group 1: Shareholder Meeting and Voting Results - On September 9, Jiaozuo Wanfang held its fourth extraordinary general meeting of shareholders in 2025 to review the major asset restructuring proposal [1] - A total of 714 shareholders participated in the meeting, representing 192 million shares, which is 16.14% of the total voting shares [1] - The average approval rate for the 22 proposals was over 90%, with the proposal for issuing shares to purchase assets receiving 91.15% approval [1] Group 2: Acquisition Details - Jiaozuo Wanfang plans to acquire 99.44% of Sanmenxia Aluminum for approximately 31.9 billion [1] - Following the transaction, the controlling shareholder will change from Ningbo Zhongman to Jinjiang Group, while the actual controller remains the same [1] Group 3: Sanmenxia Aluminum's Market Position - As of April 2025, Sanmenxia Aluminum has an alumina production capacity of 10.28 million tons per year, ranking fourth in China and sixth globally [2] - The company also has an electrolytic aluminum capacity exceeding 1 million tons per year, ranking eleventh in the country [2] - Sanmenxia Aluminum is a leading producer of gallium and caustic soda, with a gallium production capacity of 290 tons per year, accounting for 22.8% of the national capacity [2] Group 4: Strategic Implications for Jiaozuo Wanfang - The acquisition will allow Jiaozuo Wanfang to extend its existing business upstream, creating a complete aluminum-based material industry chain from alumina to electrolytic aluminum and aluminum processing [2] - This strategic move is expected to enhance industrial synergy and form a strong industrial cluster, positioning the company as a leading player in the global aluminum materials market [2]