JZWF AL(SZ:000612) Mei Ri Jing Ji Xin Wen·2025-09-10 11:17Core Viewpoint - The company, Jiaozuo Wanfang, has approved a significant acquisition of 99.4375% of the shares of Kaima Aluminum (Sanmenxia) Co., Ltd. for a transaction price of 31.949 billion yuan, aiming to enhance its scale and integrate the upstream and downstream of the industry chain [1][2]. Group 1: Acquisition Details - The acquisition will be executed through a share issuance, with a total transaction value of 31.949 billion yuan [1][2]. - Following the acquisition, Sanmenxia Aluminum will become a subsidiary of Jiaozuo Wanfang, and its assets and operating performance will be consolidated into the company [4][5]. Group 2: Management Changes - A new board of directors has been established, with Yu Xuchun elected as the chairman, bringing extensive experience from various roles in the chemical and aluminum industries [2][3]. - Fu Bin has been appointed as the general manager, possessing a strong background in the non-ferrous metal sector [3][4]. Group 3: Strategic Implications - The acquisition is expected to significantly expand the company's scale and enhance its profitability by integrating the aluminum industry chain from bauxite to aluminum processing [4][5]. - The new management team is anticipated to improve the company's governance structure, allowing for more coherent long-term strategic planning [6].