Yunnan Copper Industry (000878.SZ) plans to issue shares to purchase 40% of Liangshan Mining's shares to further promote the development of its main business.

Wisdom Finance News APP News, Yunnan Copper Industry (000878.SZ) announced that the listed company plans to purchase 40% stake in Liangshan Mining held by Yuntong Group by issuing shares, and to raise supporting funds by issuing shares to Aluminum Corporation of China and China Copper Industry. The total amount of funds raised this time shall not exceed 1.5 billion yuan and shall not exceed 100% of the transaction price for purchasing assets through this share issuance. The number of shares issued shall not exceed 30% of the total share capital of the listed company after the completion of the purchase of assets through this share issuance.