CHALCO Gets Free Controlling Stake In Yunnan Copper

November 15 -- Yunnan Copper’s （000878） effective controller will be changed to CHALCO, （601600, 2600.HK）, which will receive a 51 percent stake in Yunnan Copper’s parent Yunnan Copper Industry （Group） from the State-Owned Assets Supervision and Administration Commission of Yunnan Provincial Government （SASAC Yunnan） free of charge, reports China Securities Journal, citing a company filing.

After the equity transfer, CHALCO, SASAC Yunnan and Yunnan Industrial Investment Holdings Group will hold 51, 31.6 and 17.4 percent stakes in Yunnan Copper Industry （Group）, which holds 54.3 percent in the listed Yunnan Copper at present.