Yunnan Copper Co.,Ltd (SZSE:000878) and Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) agreed to acquire 66% stake in Kunming Metallurgical Research Institute from China Copper Corporation Limited for approximately CNY 300 million on July 5, 2024. As of March 31, 2024, Kunming Metallurgical Research Institute reported total assets of CNY 323.05 million and total common equity of CNY 230.16 million. The deal has been approved by the board of Yunnan Chihong Zinc & Germanium Co., Ltd. and Yunnan Copper Co.,Ltd.