Consolidating our corporate structure and increasing our direct ownership of our underlying businesses to derive additional synergies as an integrated group
We have and are continuing to seek to increase the Group’s direct ownership of our underlying businesses to simplify and derive additional synergies as an integrated group by consolidating our corporate structure and integrating our operations. For example, in April 2008, we acquired an additional 28.4% ownership interest in KCM by exercising our call option, increasing the Group’s ownership interest to 79.4%. In addition, we have outstanding options to increase our ownership interests in BALCO and HZL.

