China Minmetals to take 51% of Guangxi Key Metal Group, becoming controller of Huaxi Nonferrous
Huaxi Nonferrous announced on September 18 that its indirect controlling shareholder, Guangxi Key Metal Group, together with shareholders Beibu Gulf Port Group and the Key Metal Equity Fund, signed a cooperation framework agreement with China Minmetals Group. China Minmetals plans to inject capital into Guangxi Key Metal Group for a 51% stake and consolidate it. After the deal, Beibu Gulf Port Group will no longer indirectly control Huaxi Nonferrous, whose actual controller will change from the Guangxi State-owned Assets Supervision and Administration Commission to China Minmetals. Trading resumes on Monday, September 21, 2026.
Huaxi Nonferrous announced on September 18 that its indirect controlling shareholder, Guangxi Key Metal Group, along with the group's shareholders Beibu Gulf Port Group and the Key Metal Equity Fund, signed a Cooperation Framework Agreement with China Minmetals Group Co. , Ltd.
Under the agreement, China Minmetals plans to increase capital in Guangxi Key Metal Group, acquire a 51% stake in the company, and include Guangxi Key Metal Group in the scope of its consolidated financial statements.
After the transaction is completed, Beibu Gulf Port Group will no longer indirectly control the company, and the company's actual controller will change from the State-owned Assets Supervision and Administration Commission of the Guangxi Zhuang Autonomous Region People's Government to China Minmetals.
Trading in the company's shares will resume at the market open on Monday, September 21, 2026.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Base Metals, with intensity 55/100 and 65% confidence over a medium term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.