Minmetals Development Major Shareholder Changes &Nbsp; Five Mines Integration Started

In December 17th, Minmetals development (600058.SH) announced that the controlling shareholder of the company was changed from China Minmetals Corp (hereinafter referred to as China's five mines) to China's Minmetals Limited by Share Ltd (hereinafter referred to as Minmetals shares).

The company said that it received the notice from the former controlling shareholder of China's five mines. China Minmetals invested in its shares and other assets with its holding shares, and jointly launched two strategic investors to jointly establish Minmetals shares. China Minmetals will invest all its stake in the development of Minmetals, and shares of Minmetals will be 62.56% of the company's shares.

The acquisition of Minmetals shares has triggered the obligation to offer an offer, which still needs to be examined by the China Securities Regulatory Commission without any objection and exempt from its offer obligation.

Minmetals shares were set up in Beijing in December 16th. It is a joint stock enterprise established jointly by China Minmetals United China new Holdings Limited (hereinafter referred to as "new China holding") and China Hardware Products Co., Ltd. (hereinafter referred to as hardware products), with a total capital stock of 24 billion 600 million shares, of which China accounted for 96.5% of the five mines, 2.5% of the state new holdings, and 1% of the hardware products.

In the process of China's Minmetals restructuring and restructuring, except for a small number of non operating assets and assets that do not meet the requirements, China Minmetals will be incorporated into the shares of Minmetals, which are related to black metal, non-ferrous metals, logistics, finance, real estate, technology and other main businesses, as well as restructuring assets.

Minmetals shares become the main body of the main operation of China's five mines.

Recently, Yao Ziping, general manager of Minmetals development, revealed during the sixth Bohai iron and steel market forum that since the beginning of this year, China Minmetals has started its internal strategic business restructuring, and has been restructured as a whole.

At present, China's Minmetals owns 9 listed companies, including 5 A share listed companies, 3 H-share listed companies and an Australian listed company.

China Minmetals achieved a total business volume of 26 billion 800 million US dollars in 2009 and a business income of 173 billion yuan.

On the same day, China Minmetals holdings of 600390.SH, Xiamen tungsten industry (600549.SH), *ST Guan aluminum (000831.SZ), special information (000070.SZ), Gan Feng Li (002460.SZ) also issued a notice of shareholder changes.