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01898 CHINA COAL
RTNominal up7.620 +0.060 (+0.794%)
Others

20/12/2021 15:45

China Coal (01898) to buy 56% of coal trading business

[ET Net News Agency, 20 December 2021] China Coal Energy Company Limited (01898) said
China Coal Sales Company, a wholly-owned subsidiary of the company, entered into the
equity transfer agreement with China Coal Group, the controlling shareholder of the
company, pursuant to which China Coal Sales Company shall acquire the 56% equity interest
held by China Coal Group in Jingmin Industrial and Trading Company at the total
consideration of RMB135,677,500. Upon completion of the equity acquisition, Jingmin
Industrial and Trading Company will become an indirect subsidiary of the company.
Jingmin Industrial and Trading Company is principally engaged in coal trading business
based in Fujian and extended to Guangdong and Guangxi. (RC)

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