Chinalco International (02068) is reorganising its subsidiary structure through the transfer of a 60 per cent equity interest in Jiuye Sanwei to Shenyang Institute for RMB 100.08 million (USD 14.99 million), as the company seeks to strengthen synergies across its concrete mixing equipment and energy-saving businesses.
Under an equity transfer agreement signed on November 6, 2026, Jiuye, a non-wholly owned subsidiary of Chinalco International, agreed to transfer its 60 per cent stake in Jiuye Sanwei to Shenyang Institute, another non-wholly owned subsidiary of the group.
Following completion of the transaction, Chinalco International’s effective equity interest in Jiuye Sanwei will decrease by 7.76 per cent. However, Jiuye Sanwei will continue to operate as an indirect non-wholly owned subsidiary of the group.
Chinalco International said the transaction forms part of an internal restructuring initiative intended to integrate the core resources of Jiuye and Shenyang Institute through capital reorganisation.
The move is expected to support the expansion and consolidation of the group’s concrete mixing equipment business while establishing a more integrated operating structure.
Through the restructuring, Jiuye Sanwei is expected to draw on the technological capabilities of Shenyang Institute and the policy support associated with China’s science and technology reform initiatives. The company aims to accelerate its transformation and upgrading while strengthening its competitiveness in the equipment market.
Shenyang Institute, meanwhile, is expected to address existing gaps in the industrialisation of its energy-saving businesses through the integration. The group intends to develop a complementary business structure driven by environmental protection and energy-saving equipment, combining the capabilities of both subsidiaries.