Ge Long Hui A P P·2025-12-08 13:45Core Viewpoint - China Metallurgical Group Corporation (China MCC) is selling its non-core assets to focus on its main business and enhance its core competitiveness and sustainable profitability [1][2] Group 1: Transaction Details - China MCC plans to sell 100% equity of China MCC Real Estate and related debt to WISCO Real Estate Holdings for a total transaction price of RMB 6,067,632.24 million [1] - The company will also sell 100% equity of its subsidiaries, including Youse Institute, China MCC Copper Zinc, and Ruimu Management, along with 67.02% equity of China MCC Jinji to China Minmetals [1] - China MCC's subsidiary, China Huaye, intends to sell 100% equity of Huaye Duda to China Minmetals or its designated entity [1] Group 2: Strategic Implications - This transaction is a key measure for China MCC to respond to the requirements for central enterprises to focus on their main responsibilities and optimize resource allocation [2] - The company aims to streamline its business structure, concentrating on metallurgical engineering, non-ferrous and mining engineering construction, high-end infrastructure, industrial construction, and emerging industries [2] - Post-transaction, China MCC will have a clearer positioning as a core platform under China Minmetals, focusing on engineering contracting and nurturing emerging industries [2] - The divestment of non-core assets will facilitate the efficient reallocation of human, financial, and management resources, enhancing operational stability and risk resistance [2] - China MCC will leverage its core advantages in engineering construction, technological innovation, and project management to create a more competitive full-industry chain ecosystem in collaboration with other business segments of China Minmetals [2]