Metallurgical Corporation of China Sells Major Assets to China Minmetals for RMB 60.7 Billion

Reuters12-08

Metallurgical Corporation of China Sells Major Assets to China Minmetals for RMB 60.7 Billion

Metallurgical Corporation of China Ltd. has reached agreements for the sale of several key assets. Under the terms, the company will sell its entire equity interest in MCC Real Estate and assign related debts to Minmetals Land Holdings. Additionally, the company will divest its entire equity interest in Non-ferrous Engineering, MCC Tongsin Resources, and MCC Ramu, as well as a 67.02% stake in MCC-JJJ Mining, to China Minmetals. China Huaye will also sell its entire equity interest in MCC Duddar to China Minmetals or its designated entities. The total consideration for these transactions amounts to RMB 60.68 billion. Following completion, the divested companies will no longer be subsidiaries of Metallurgical Corporation of China Ltd., and their financial results will not be consolidated into the group's statements. The agreements include arrangements to address existing guarantees related to the assets being sold.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metallurgical Corporation of China Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251208-11948516), on December 08, 2025, and is solely responsible for the information contained therein.

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Under the terms, the company will sell its entire equity interest in MCC Real Estate and assign related debts to Minmetals Land Holdings. Additionally, the company will divest its entire equity interest in Non-ferrous Engineering, MCC Tongsin Resources, and MCC Ramu, as well as a 67.02% stake in MCC-JJJ Mining, to China Minmetals. China Huaye will also sell its entire equity interest in MCC Duddar to China Minmetals or its designated entities. The total consideration for these transactions amounts to RMB 60.68 billion. Following completion, the divested companies will no longer be subsidiaries of Metallurgical Corporation of China Ltd., and their financial results will not be consolidated into the group's statements. 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