Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to sell assets worth 60.676 billion yuan to China Minmetals Corporation and its wholly-owned subsidiary, Minmetals Real Estate Holdings Limited, to optimize its business structure and enhance profitability [1][2][5]. Group 1: Transaction Details - The asset sale includes a 100% equity transfer of China MCC's subsidiary, MCC Real Estate Group Co., Ltd., to Minmetals Real Estate Holdings [5]. - China MCC will also transfer related debts amounting to 46.164 billion yuan associated with MCC Real Estate to Minmetals Real Estate Holdings [5]. - Additional assets being sold include 100% stakes in China Nonferrous Engineering Co., Ltd., MCC Group Copper-Zinc Co., Ltd., and 67.02% of MCC Jinji Mining Development Co., Ltd. to China Minmetals [5][6]. Group 2: Financial Context - As of the end of Q3 2025, China Minmetals reported total assets of 1.51 trillion yuan and net profit of 15.054 billion yuan for the first three quarters of 2025 [7]. - China MCC's revenue for the first three quarters of 2025 was 335.094 billion yuan, a year-on-year decrease of 18.79%, with a net profit of 3.970 billion yuan, down 41.88% [10][11]. - The company aims to use the proceeds from the asset sale to strengthen its core business in metallurgical construction and to support new industrialization and urbanization initiatives [10]. Group 3: Strategic Focus - Post-transaction, China MCC will focus on metallurgical engineering, non-ferrous and mining engineering construction, high-end infrastructure, industrial construction, and emerging industries [10]. - The transaction aligns with the central government's directive for state-owned enterprises to concentrate on their main responsibilities and optimize resource allocation [7].
炸裂！606亿元交易！601618大动作