Shandong Nanshan Aluminium Co.,Ltd. (SHSE:600219) agreed to acquire 40% stake in PipeChina Group Nanshan (Shandong) Natural Gas Co., Ltd. from Nanshan Group Co.,Ltd for approximately CNY 770 million on February 27, 2024. PipeChina Group Nanshan (Shandong) Natural Gas Co., Ltd. reported Total assets Worth CNY 6.89 billon and Total Common equity of CNY 1.89 billion on September 30, 2023. Transaction was already approved by Shandong Nanshan Aluminium Co.,Ltd. 's Board of director's.