Heqing Yixin Aluminum Industry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 1,200,000,000 on July 17, 2017. The transaction will involve participation from Yunnan Aluminium Co., Ltd. (SZSE:000807) for not more than CNY 900,000,000 and Dali Industrial Investment Holdings Co., Ltd. for not more than CNY 300,000,000. Post the closing of the transaction Yunnan Aluminium Co., Ltd. (SZSE:000807) and Dali Industrial Investment Holdings Co., Ltd. will hold 70.95% and 23.65% stake respectively in the company. The transaction was approved by Yunnan Aluminium Co., Ltd. (SZSE:000807) at the 43rd session of its 6th directorate and further needs approval from its shareholders meeting. The registered capital of the company is CNY 124,398,870. The company reported total assets of CNY 141,319,883.2, total liabilities of CNY 78,687,866.02, shareholders equity of CNY 62,632,017.18, operating revenue of CNY 336,260.68, operating loss of CNY 7,793,681.06, and net loss of CNY 11,168,515.78 for the year ended December 31, 2016.