Guanghui Energy (600256.SH) plans to transfer minority shares in a subsidiary to introduce a strategic partner in Naomao Lake Eastern Coal Mine

Zhitongcaijing · 10/25 14:33

Zhitong Finance App News, Guanghui Energy (600256.SH) announced that in order to further accelerate the development progress of the company's Naomao Lake Eastern Coal Mine and increase the local conversion of coal resources, the company plans to transfer 40% of the shares of the wholly-owned subsidiary Yiwu Guanghui Energy Development Co., Ltd. (“Yiwu Energy Development Company”) to Xinjiang Shunan Energy Co., Ltd. (“Shunan Energy”) in cash, including those rights in the Naomaohu East coal mine that continue to be lawfully enjoyed through Yiwu Energy Development Company. The share transfer price is 2,049 billion yuan.

According to reports, in the later stages, Shunan Energy has plans to invest and build coal chemical projects in the region. If implemented, it may be possible to continue chain-based strategic cooperation with the company from upstream coal resource development to downstream market consumption. This cooperation can actually help the construction of a strategic guarantee base for regional energy resources and the export of coal, and promote the development and implementation of the integrated coal and coal chemical industry chain in all aspects. It can not only enable the company to expand domestic and external supply, but also maximize the effective use of regional resources and accelerate the high-quality development of regional industries.