Yunnan Aluminium Co., Ltd. (SZSE:000807) agreed to acquire an additional 31.8% stake in Yunnan Yunlv Zexin Aluminum Industry Co., Ltd. from Yunnan Metallurgical Group Co., Ltd. for approximately CNY 350 million on October 21, 2016. Upon completion Yunnan Aluminium Co., Ltd. will hold 100% stake in Yunnan Yunlv Zexin Aluminum Industry Co., Ltd. For the year ended December 31, 2015 Yunnan Yunlv Zexin Aluminum Industry Co., Ltd. reported total assets of CNY 3.5 billion, total revenue of CNY 2.3 billion, operating loss of CNY 223.7 million, net loss of CNY 159.4 million and total common equity of CNY 789.8 million. The transaction has been approved by Board of Yunnan Aluminium Co., Ltd. in 32nd session of the 6th directorate.