Yankuang Energy (01171.HK): Transfers 100% equity of Xintai Company for 3.05 billion yuan

Yanzhou Coal Mining Company Limited (01171.HK) announced on March 6 that it has issued an insider information notice regarding the transfer of 100% equity of its wholly owned subsidiary. According to the announcement, the company’s general manager approved the plan for its subsidiary, Ordos Company, to publicly list and transfer 100% equity of Inner Mongolia Xintai Coal Co., Ltd. (“Xintai Company”) on the Shandong Property Rights Exchange.

Based on the valuation report issued by Beijing Zhongqi Hua Asset Appraisal Co., Ltd., the total equity value of Xintai Company is RMB 623.5409 million, with a listing price of RMB 670.01 million. The Shandong Property Rights Exchange organized an online bidding on January 30, 2026.

According to the “Result Notice” issued by the Shandong Property Rights Exchange for this equity transfer, the transferee is Ordos Wulan Coal (Group) Co., Ltd., with a transaction price of RMB 3,050.01 million. On March 6, 2026, the transferor, Yanzhou Energy (Ordos) Co., Ltd., and the transferee officially signed the “Property Rights Transaction Contract.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin