Yunnan Shizong Ronghang Coal Industry Co., Ltd. Completed the acquisition of Shizong County Wuyi Coal Mine, Shizong County Dashe Coal Mine and Shizong County Walu Coal Mine from Yunnan Coal & Energy Co.,Ltd..
July 27, 2023
Share
Yunnan Shizong Ronghang Coal Industry Co., Ltd. agreed to acquire Shizong County Wuyi Coal Mine, Shizong County Dashe Coal Mine and Shizong County Walu Coal Mine from Yunnan Coal & Energy Co.,Ltd. (SHSE:600792) for CNY 720 million on July 11, 2023. The transaction has been approved by the board of Yunnan Coal & Energy.
Yunnan Shizong Ronghang Coal Industry Co., Ltd. Completed the acquisition of Shizong County Wuyi Coal Mine, Shizong County Dashe Coal Mine and Shizong County Walu Coal Mine from Yunnan Coal & Energy Co.,Ltd. (SHSE:600792) on July 28, 2023.
Yunnan Coal & Energy Co Ltd is a China-based company mainly engaged in the coal coking business. The Company's business mainly covers the coal coking sector and heavy machinery sector. The coal coking business mainly includes the production and sales of coke and related chemical products. The main product is metallurgical coke, and the by-products include coal gas, crude benzene, tar, methanol, ammonium sulfate, sulfur and other products. The heavy machinery sector mainly includes lifting and transportation machinery, mining and metallurgical equipment manufacturing, maintenance and inspection services, and wear-resistant materials. The Company mainly conducts its businesses in the domestic market.
Yunnan Shizong Ronghang Coal Industry Co., Ltd. Completed the acquisition of Shizong County Wuyi Coal Mine, Shizong County Dashe Coal Mine and Shizong County Walu Coal Mine from Yunnan Coal & Energy Co.,Ltd..