[ET Net News Agency, 11 June 2020] China BlueChemical Ltd. (03983) on 28 August 2019
disclosed the details of the potential disposal of its 49% equity interests in Yangpoquan
Coal and 51% equity interests and the creditors' rights in Hualu Coal Chemical through
listing-for-sales on CBEX (China Beijing Equity Exchange).
The company said it has received a notice from CBEX stating that there is one qualified
interested transferee as for the transfer conditions for the proposed disposal, i.e. Hequ
Taiyang Coal Industry Co., Ltd., which has paid the 30% of the base price, or RMB739
million, as the guarantee for the deal.
The company is expected to enter into an equity transaction agreement with Taiyang Coal
in according to the rules of CBEX. (KL)
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03983 CHINA BLUECHEM
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2.500 +0.060 (+2.459%) Others
11/06/2020 12:23
China BlueChemical (03983) to sell stake in coal units
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