Can Guangxi Aluminum Group be acquired by central enterprises?

I can't. According to China Law Network, central enterprises may not directly acquire local state-owned enterprises, but they can cooperate with local state-owned enterprises by participating in restructuring and joint ventures. Therefore, it is impossible for Guangxi Aluminum Group to be acquired by central enterprises. Guangxi Aluminum Group is a provincial enterprise funded by the Guangxi provincial government, and central enterprises refer to state-owned enterprises directly managed by the central government.