Yunnan Aluminium Co., Ltd. (SZSE:000807) agreed to acquire the remaining 66% stake in Yunnan Metallurgical Group Chuang Neng Al-Air Battery Co., Ltd. from Kunming Metallurgical Research Institute and Yunnan Metallurgical Group Investments Limited for CNY 10.2 million on December 13, 2017. Kunming Metallurgical Research Institute will sell 35.39% and Yunnan Metallurgical Group Investment Co., Ltd. will sell 30.61% as part of the transaction. After the transfer, Yunnan Aluminium Co., Ltd. will hold 100% stake in Yunnan Metallurgical Group Chuang Neng Al-Air Battery Co., Ltd. Yunnan Metallurgical Group Chuang Neng Al-Air Battery Co., Ltd. had total assets of CNY 19.5 million, net assets of CNY 13.2 million, revenue of CNY 1.4 million, EBIT of 0.15 million and net profit of CNY 0.1 million in 2016. The transaction has been approved by the Board of Directors of Yunnan Aluminium Co., Ltd. during the 4th meeting of the 7th directorate held on December 13, 2017 and does not need the shareholders’ approval. Yunnan Aluminium Co., Ltd. (SZSE:000807) cancelled the acquisition of remaining 66% stake in Yunnan Metallurgical Group Chuang Neng Al-Air Battery Co., Ltd. from Kunming Metallurgical Research Institute and Yunnan Metallurgical Group Investments Limited on December 13, 2018.