Jiaozuo Wanfang proposes to acquire 99.44% of Sanmenxia Aluminum for $44.5B

Jiaozuo Wanfang Aluminum (000612.SZ) announced a draft plan to acquire 99.4375% of Sanmenxia Aluminum (Kaiman Aluminum) for 319.49 billion yuan ($44.5 billion) via share issuance. The deal would create a vertically integrated aluminum producer.

“拟通过发行股份的方式购买杭州锦江集团有限公司等交易对方合计持有的开曼铝业（三门峡）有限公司99.4375%股权。”finance.sina.com.cn

• 3 sources
• finance.sina.com.cn焦作万方公布重组草案 拟收购三门峡铝业99.4375%股权|铝业_新浪财经_新浪网Aug 23, 2025
• finance.sina.com.cn钭正刚10年运作三门峡铝业欲圆上市梦 力推焦作万方319亿重组施展新抱负|铝业_新浪财经_新浪网Aug 25, 2025
• ipo123.com.cn焦作万方并购重组被受理 拟购买三门峡铝业99.4375%股权 - 中经互联-上市公司网彭, 立国Sep 19, 2025

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