MCC (601618.SH) announced plans to divest non-core assets, including a 100% stake in MCC Real Estate and related creditor's rights, to Minmetals Land Holdings for RMB 60.676 billion. The company will also sell full ownership stakes in Nonferrous Engineering Research Institute, MCC Tongxin Nonferrous Metals, and Rui Mu Management, as well as a 67.02% stake in MCC Jinji, to China Minmetals Corporation. Additionally, MCC's subsidiary, China Huaye, intends to transfer its 100% stake in Huaye Duda to China Minmetals or its designated entity.

The transaction, valued at RMB 60.676 billion based on an assessment report and mutual agreement, aims to streamline MCC's business structure, sharpen focus on core operations, and enhance competitiveness and sustainable profitability. Moving forward, MCC will prioritize metallurgical engineering, nonferrous and mining project construction and operations, high-end infrastructure, industrial construction, and emerging industries to drive high-quality growth.