China Cloud Copper Company Limited (SEHK:33) entered into a non-legal binding memorandum of understanding to acquire 50% stake in LLP KAZMEAL from Panasia Impex Pte Ltd on November 28, 2019. After satisfaction with the results of due diligence, China Cloud Copper Company Limited and Panasia Impex Pte shall enter into a formal sale and purchase agreement. The deal is subjected to satisfaction of due diligence.