Under the signed agreement, three Chalco subsidiaries — Chinalco High-end Manufacturing, Yunnan Aluminium, and Kunming Copper — will inject a combined RMB 906.45 million (USD 127.9 million) into Yunnan Aluminum Foil. The contribution includes RMB 818 million (USD 115.4 million) in cash and RMB 88.45 million (USD 12.48 million) in assets, covering land-use rights, buildings and associated liabilities.
Yunnan Aluminium will contribute RMB 500 million (USD 70.5 million) in cash, giving it a 16.70 per cent stake in Yunnan Aluminum Foil after the restructuring. Chinalco High-end Manufacturing will inject RMB 229 million to hold 68.31 per cent, while Kunming Copper will invest RMB 89 million (USD 12.5 million) plus RMB 88.45 million (USD 12.4 million) in assets to secure a 5.93 per cent share. Northwest Aluminum Plant will retain 9.06 per cent.
Following completion, Yunnan Aluminum Foil’s registered capital will rise from RMB 800 million (USD 112.9 million) to RMB 1.14 billion (USD 141 million).
Chalco said the deal is designed to strengthen its aluminium industrial chain, increase downstream processing capability and boost the alloying rate, in line with China’s dual-carbon objectives. The new capital will fund the development of a high-precision foil, sheet and strip project, which is expected to enhance efficiency and deliver higher returns once operational.
