Yunnan Aluminium Co., Ltd. (SZSE:000807) agreed to acquire remaining 7.67% stake in Yunnan Wenshan Aluminum Co., Ltd. from Yunnan Metallurgical Group Co., Ltd., Yunnan Wenshan Dounan Manganese Industry Co., Ltd. and Wenshan City Construction and Investment (Group) Co., Ltd. on October 21, 2016. Yunnan Aluminum will acquire 5%, 1.67% and 1% stake in Yunnan Wenshan Aluminum from Yunnan Metallurgical Group, Yunnan Wenshan Dounan Manganese Industry and Wenshan City Construction and Investment (Group) respectively and hold 100% stake in Yunnan Wenshan Aluminum on closing. For the year ended December 31, 2015, Yunnan Wenshan Aluminum reported total assets of CNY 7.09 billion, net assets of CNY 2.18 billion, revenue of CNY 1.96 billion, operating profit of CNY 49.8 million and net profit of CNY 166.59 million. 32nd session of Yunnan Aluminum's 6th directorate held on October 21, 2016 approved the transaction and the transaction is subject to approval from Yunnan Aluminum's shareholders.