Yunnan Copper Co., Ltd. (SZSE:000878) signed transfer agreement to acquire an additional 38.23% stake in Yunnan Diqing Nonferrous Metals Co., Ltd. from Yunnan Copper (Group) Co., Ltd. for on November 26, 2021. The consideration will be paid in cash. The transaction has been approved by the board of directors of acquirer.

After the transaction, Yunnan Copper will own 88.24% stake in Diqing Nonferrous. This transaction still needs to be approved by the acquirer's shareholders, State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission. As of September 30, 2021, Yunnan Diqing Nonferrous Metals Co., Ltd. had total assets of CNY 4976 million and net assets of CNY 3609 million.