Minmetals Capital (600390.SH) Subsidiary Minmetals Trust Plans to Establish Joint Venture with Minmetals Land Holdings

Stock News11-19

Minmetals Capital Company Limited (600390.SH) announced that its subsidiary, Minmetals International Trust Co., Ltd. ("Minmetals Trust"), and Minmetals Land Holdings Co., Ltd. ("Minmetals Land Holdings"), a wholly-owned subsidiary of its controlling shareholder China Minmetals Corporation, plan to jointly establish a joint venture in Beijing with a registered capital of RMB 1 billion. Minmetals Trust will contribute RMB 300 million, holding a 30% stake, while Minmetals Land Holdings will contribute RMB 700 million, holding a 70% stake.

The announcement stated that Minmetals Trust will inject certain trust assets related to the real estate sector, including beneficiary rights and liabilities, into the joint venture. Leveraging Minmetals Land Holdings' extensive experience and expertise in the real estate industry, the joint venture aims to enhance operational efficiency, revitalize existing assets, and optimize resource allocation through professional management.

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