Chalco Logistics to Acquire 51% Stake in Yunlv Logistics for RMB263.84 Million
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Chalco Logistics Group Co., Ltd., a subsidiary of Aluminum Corporation of China Limited, plans to acquire a 51% stake in Yunnan Yunlv Logistics Investment Co., Ltd. from Yunnan Aluminum Co., Ltd. for approximately RMB263.84 million. After the acquisition, Chalco Logistics will hold 51% and Yunnan Aluminum 49% of Yunlv Logistics. The transaction is subject to final appraisal, and no concrete agreement has been reached yet regarding the acquisition.
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