云铝涌鑫、云铝润鑫及云铝泓鑫均为云铝股份的控股子公司，云南冶金为前述三家公司的第二大股东， 本次收购完成后，云南冶金不再持有三家公司股权，有利于云铝股份优化所属企业股权结构，实现铝资 产专业化归集，提高权益电解铝产能，符合云铝股份做优做强核心主业的战略目标。 云铝涌鑫、云铝润鑫资产及财务状况良好，获利能力较强，通过本次收购，有利于进一步提升云铝股份 和公司的归母净利润，提升投资回报，符合公司及股东的整体利益。 云铝泓鑫目前主要经营铝合金业务，通过本次收购，有利于优化股权结构、统筹资源配置、提升运营质 效。此外，云铝股份拟以云铝泓鑫为平台拓展铝土矿业务，制定了"合金业务+铝土矿开采业务"的发展 规划，进一步推动云铝股份的可持续发展。 智通财经APP讯，中国铝业(02600)发布公告，于2025年11月25日，云铝股份与云南冶金订立收购协议， 据此，云铝股份拟通过非公开协议转让方式以现金收购云南冶金持有的云铝涌鑫28.7425%股权、云铝 润鑫27.3137%股权及云铝泓鑫30%股权。本次收购完成后，云铝股份对云铝涌鑫、云铝润鑫及云铝泓鑫 的持股比例分别为96.0766%，97.4560%及100%。于本公告日期 ...

中国铝业（601600）(02600)发布公告，于2025年11月25日，云铝股份（000807）与云南冶金订立收购 协议，据此，云铝股份拟通过非公开协议转让方式以现金收购云南冶金持有的云铝涌鑫28.7425%股 权、云铝润鑫27.3137%股权及云铝泓鑫30%股权。本次收购完成后，云铝股份对云铝涌鑫、云铝润鑫及 云铝泓鑫的持股比例分别为96.0766%，97.4560%及100%。于本公告日期，云铝股份为公司附属公司， 中铝集团为公司的控股股东，云南冶金为中铝集团的附属公司。 云铝涌鑫、云铝润鑫及云铝泓鑫均为云铝股份的控股子公司，云南冶金为前述三家公司的第二大股东， 本次收购完成后，云南冶金不再持有三家公司股权，有利于云铝股份优化所属企业股权结构，实现铝资 产专业化归集，提高权益电解铝产能，符合云铝股份做优做强核心主业的战略目标。 云铝泓鑫目前主要经营铝合金业务，通过本次收购，有利于优化股权结构、统筹资源配置、提升运营质 效。此外，云铝股份拟以云铝泓鑫为平台拓展铝土矿业务，制定了"合金业务+铝土矿开采业务"的发展 规划，进一步推动云铝股份的可持续发展。 云铝涌鑫、云铝润鑫资产及财务状况良好，获利能力较强，通 ...

Core Viewpoint - The leading domestic "green aluminum" company, Yun Aluminum Co., Ltd., is accelerating its acquisition of existing production capacity through equity integration in the context of strict control over total electrolytic aluminum capacity in China [1][8]. Group 1: Acquisition Details - Yun Aluminum announced plans to invest 2.267 billion yuan to acquire minority stakes in three subsidiaries held by Yunnan Metallurgical Group [1][2]. - The acquisition will result in 100% control of Yun Aluminum Hongxin and increase ownership in Yun Aluminum Runxin and Yun Aluminum Yongxin to over 96% [1][8]. - The transaction is expected to add over 150,000 tons of electrolytic aluminum equity capacity, reinforcing the company's leading position in the green low-carbon aluminum sector [1][8]. Group 2: Financial Aspects - The total cash payment for the acquisition, after deducting related dividends, amounts to 2.267 billion yuan, with specific prices of 1.451 billion yuan for Yun Aluminum Yongxin, 788 million yuan for Yun Aluminum Runxin, and 28 million yuan for Yun Aluminum Hongxin [6]. - The valuation of the core assets shows a significant premium, with Yun Aluminum Yongxin's assessed value at 5.308 billion yuan, reflecting a 97.60% increase from its book value [6]. - Yun Aluminum's cash reserves were approximately 10.675 billion yuan as of September 30, 2025, indicating sufficient liquidity to support the acquisition [6][7]. Group 3: Strategic Intent - The acquisition is a strategic move to enhance core capacity without increasing physical production, thereby expanding business scale and consolidating market position [8]. - The targeted companies, Yun Aluminum Yongxin and Yun Aluminum Runxin, are profitable entities, contributing significantly to cash flow, which will enhance Yun Aluminum's net profit and earnings per share post-acquisition [9]. - The acquisition of Yun Aluminum Hongxin is part of a broader strategy to extend into upstream resource development, particularly in bauxite mining, ensuring resource security for the company [9].

云铝涌鑫、云铝润鑫资产及财务状况良好，获利能力较强，通过本次收购，有利于进一步提升云铝股份 和公司的归母净利润，提升投资回报，符合公司及股东的整体利益。云铝泓鑫目前主要经营铝合金业 务，通过本次收购，有利于优化股权结构、统筹资源配置、提升运营质效。此外，云铝股份拟以云铝泓 鑫为平台拓展铝土矿业务，制定了"合金业务+铝土矿开采业务"的发展规划，进一步推动云铝股份的可 持续发展。 云铝涌鑫、云铝润鑫及云铝泓鑫均为云铝股份的控股子公司，云南冶金为前述三家公司的第二大股东， 本次收购完成后，云南冶金不再持有三家公司股权，有利于云铝股份优化所属企业股权结构，实现铝资 产专业化归集，提高权益电解铝产能，符合云铝股份做优做强核心主业的战略目标。 智通财经APP讯，中国铝业(601600.SH)发布公告，公司控股子公司云南铝业股份有限公司(简称"云铝股 份")拟通过协议方式以货币资金收购云南冶金集团股份有限公司(简称"云南冶金")持有的云南云铝涌鑫 铝业有限公司(简称"云铝涌鑫")28.7425%股权、云南云铝润鑫铝业有限公司(简称"云铝润鑫")27.3137% 股权及云南云铝泓鑫铝业有限公司(简称"云铝泓鑫")30%股权， ...

Core Viewpoint - China Aluminum (601600.SH) announced that its subsidiary Yunnan Aluminum Co., Ltd. plans to acquire stakes in three subsidiaries from Yunnan Metallurgical Group for a total consideration of 2.267 billion yuan, which will optimize the equity structure and enhance the company's core business in aluminum production [1][2] Group 1 - The acquisition involves purchasing 28.7425% of Yunnan Yun Aluminum Yongxin Aluminum Co., Ltd., 27.3137% of Yunnan Yun Aluminum Runxin Aluminum Co., Ltd., and 30% of Yunnan Yun Aluminum Hongxin Aluminum Co., Ltd. [1] - After the acquisition, Yunnan Metallurgical Group will no longer hold any equity in these three companies, which is expected to improve the equity structure of Yunnan Aluminum [1] - This move aligns with Yunnan Aluminum's strategic goal of strengthening its core business and increasing electrolytic aluminum production capacity [1] Group 2 - The financial and operational status of the acquired companies is strong, and the acquisition is anticipated to enhance Yunnan Aluminum's net profit attributable to shareholders and improve investment returns [2] - Yunnan Hongxin primarily operates in the aluminum alloy sector, and the acquisition will help optimize the equity structure and resource allocation [2] - Yunnan Aluminum plans to use Yunnan Hongxin as a platform to expand into bauxite mining, with a development plan that integrates alloy business and bauxite mining operations [2]

本次收购完成后，云铝股份对云铝涌鑫、云铝润鑫及云铝泓鑫的持股比例将分别提高至96.08%、 97.46%及100%。云南冶金将不再持有前述三家公司的股权。 格隆汇11月25日丨中国铝业(601600.SH)公布，公司的控股子公司云铝股份拟通过协议方式以货币资金 收购云南冶金持有的云铝涌鑫28.74%股权、云南云铝润鑫铝业有限公司27.3137%股权及云南云铝泓鑫 铝业有限公司30%股权，交易对价共计人民币22.67亿万元。 截至本公告前，过去12个月内，除公司与中铝集团（含附属公司）进行的若干日常持续关联交易外，公 司与中铝集团（含附属公司）进行的收购、出售、共同投资等其他关联交易累计金额约为人民币19.60 亿元。本次关联交易金额约为人民币22.67亿元，与前述金额累计后约人民币42.27亿元，超过公司最近 一期经审计净资产的5%。公司未与除中铝集团（含附属公司）以外的其他关联人进行与本次交易类别 相关的交易。 由于云南冶金为公司控股股东中铝集团的附属公司，根据《上海证券交易所股票上市规则》的相关规 定，本次交易构成关联交易。 ...

Core Viewpoint - The company aims to enhance the efficiency of raised funds and strengthen its green aluminum integrated industry chain by reallocating funds from previous projects to acquire a stake in a subsidiary [1] Group 1: Fund Utilization - The company plans to change the use of funds raised from the 2019 non-public offering project, specifically the "Wenshan Low-Grade Bauxite Comprehensive Utilization Project" [1] - The company will conclude the "Green Low-Carbon Hydropower Aluminum Material Integration Project" from the 2021 non-public offering and use the remaining funds for the acquisition [1] Group 2: Acquisition Details - The company intends to acquire 28.7425% of the equity in its subsidiary, Yunnan Yun Aluminum Yongxin Aluminum Co., Ltd., from Yunnan Metallurgical Group Co., Ltd. [1] - Any shortfall in funding for the acquisition will be covered by the company's own funds [1]

南方财经11月25日电，中国铝业(601600.SH)公告称，其控股子公司云南铝业股份有限公司拟通过协议 方式，以226,656.37万元收购云南冶金集团股份有限公司持有的云南云铝涌鑫铝业有限公司、云南云铝 润鑫铝业有限公司及云南云铝泓鑫铝业有限公司的少数股东股权，交易完成后，云铝股份对这三家公司 的持股比例将分别提高至96.0766%、97.4560%及100%。本次交易构成关联交易，不构成重大资产重 组，已通过公司董事会审核委员会、独立董事专门会议及第九届董事会第七次会议审议，尚待提交公司 股东会审议、批准。 ...

Core Viewpoint - China Hongqiao (01378) has successfully completed a placement and subscription agreement, with all conditions met, on November 20 and November 25, 2025 respectively [1] Group 1: Placement Details - The company has successfully placed a total of 400 million shares at a placement price of HKD 29.20 per share to six or more independent subscribers [1] - The subscribers and their beneficial owners are independent of Hongqiao Holdings and any parties acting in concert with it, as well as independent of the company and its related parties [1] - No subscriber has become a major shareholder following the completion of the placement and subscription [1] Group 2: Subscription Details - A total of 400 million subscription shares have been issued at a subscription price of HKD 29.20 per share to Hongqiao Holdings [1] - The subscription shares represent approximately 4.20% of the company's issued share capital of 9.524 billion shares as of the announcement date [1] - Following the issuance of the subscription shares, they represent approximately 4.03% of the enlarged issued share capital of 9.924 billion shares [1]

Core Viewpoint - China Hongqiao (01378.HK) has successfully completed a placement and subscription agreement, raising approximately HKD 11.49 billion through the issuance of shares at a price of HKD 29.20 per share [1] Group 1 - The company has placed a total of 400 million shares to six or more subscribers at the placement price of HKD 29.20 per share [1] - The subscription of 400 million shares has been issued to Hongqiao Holdings at the same subscription price of HKD 29.20 per share [1] - The estimated net proceeds from the subscription are approximately HKD 11.49 billion [1]