Yunnan copper Industry proposed 162 million transfer of Lanping Yun mine

Yunnan copper Industry (000878.　　SZ) yesterday evening announced that the company's board of directors on February 17 to pass the price of 162 million yuan for the sale of Lanping Yun Silver Co., Ltd. 51% stake in the bill. The announcement said that the sale of the stake in August 2010 to 166 million yuan price listed for sale, but did not deal, the proposed listing price is lower than the last 4 million yuan.　　Lanping Silver Industry Co., Ltd. was founded in 2004, the registered capital of 1 million yuan, mainly engaged in silver, zinc, lead, copper development. Yunnan copper Industry said that the transfer of shares in the company approved by the Chinalco agreed to implement. The transfer is based on the investment principle of Yunnan copper industry "highlighting the main business and benefits, taking into account the need of strategic development", which is beneficial to the company concentrating its main business and ensuring the company's sustained and healthy development.　　As the Lanping cloud resources need to be further proved, there are uncertainties; at the same time, the area of my silver mine using the traditional cyanide leaching process, and the company's limited grasp of the technology, difficult to meet production needs, the final decision to sell the stake. 17th, Yunnan Copper closed to 27.75 yuan, down 1.84%.