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Chinalco Yunnan Copper Resources Ltd Receives Notice Of Initial Substantial Holder

Chinalco Yunnan Copper Resources Ltd (ASX:CYU) has received a notice of initial substantial holder from Bienitial International Industrial Co., Ltd., with a 19.99% stake.

Bienitial is a 100% subsidiary of JCHX Group, one of China's largest mining service companies.

JCHX Group controls the Beijing- based JCHX Mining Management Co., Ltd, which has a long-established business relationship with CYU's largest shareholder, Yunnan Copper Industry (Group) Co.

JCHX Mining Management (SHA:603979) was listed on the Shanghai Stock Exchange in June 2015 after it raised A$360 million.

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