Yunnan Copper Non-public Offering Applications Approved
Yunnan Copper’s non-public issuance of stock applications was approved by the China Securities Regulatory Commission’s Issuance Review Committee on the afternoon of April 2, 2018.
This non-public offering will not exceed 283 million shares and raise no more than 4.089 billion yuan. This is the first single operation of the Group's capital in 2018.
Upon completion of the issuance, the Yunnan Copper Industry will significantly increase its resource support capabilities, reduce its debt ratio, enhance its core competitiveness and profitability, expand its business regional layout, significantly increase the Group's copper smelting capacity, and fill gaps in the smelting business layout in the Southeast. Serving the National "One Belt and One Road" Strategy