Ping An Trust Co., Ltd. signed a share transfer agreement to acquire 40% stake in Xinjiang Guanghui Coal Cleaning and Refinery Co., Ltd from Guanghui Energy Co., Ltd. (SHSE:600256) for CNY 800 million on December 7, 2017. Xinjiang Guanghui Coal Cleaning and Refinery Co., Ltd. reported total assets of CNY 5.2 billion, net assets of CNY 561.4 million as of December 31, 2016 while revenues of CNY 5.8 million and net loss of CNY 11.5 million for the year ended December 31, 2016. The transaction does not need the approvals of the Guanghui Energy Co., Ltd's directorate and shareholders. Ping An Trust Co., Ltd. cancelled the acquisition of 40% stake in Xinjiang Guanghui Coal Cleaning and Refinery Co., Ltd from Guanghui Energy Co., Ltd. (SHSE:600256) on December 7, 2018.