Yunnan Aluminium Co., Ltd. (SZSE:000807) agreed to acquire an additional 23.7% stake in Heqing Yixin Aluminum Industry Co., Ltd. from Heqing County Industrial Investment Co., Ltd for approximately CNY 110 million on August 6, 2019. In a related transaction, Yunnan Aluminium will acquire 3.56% stake in Heqing Yixin Aluminum Industry Co., Ltd. from its wholly-owned subsidiary Yunnan Wenshan Aluminium Co., Ltd. Post acquisition, Yunnan Aluminium will hold 98.2% stake. As of December 31, 2018, Heqing Yixin Aluminum Industry reported total assets of CNY 1.5 billion, revenue of CNY 2.8 million, net loss of CNY 105.6 million, total equity of CNY 645.8 million and operating loss of CNY 116.6 million. The transaction has been approved by the 7th directorate in its 28th meeting of Yunnan Aluminium on August 6, 2019 and does not need approval from its shareholders. Yunnan Aluminium Co., Ltd. (SZSE:000807) cancelled the acquisition of an additional 23.7% stake in Heqing Yixin Aluminum Industry Co., Ltd. from Heqing County Industrial Investment Co., Ltd on August 6, 2020.