Liaoning Transportation Investment CO.,LTD. completed the acquisition of 9.4% stake in Liaoning Energy Industrial Co., Ltd from Shenyang Coal Trade Group Corporation Limited Liability Company.
February 03, 2021
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Liaoning Transportation Investment CO.,LTD. signed a letter of intent to acquire 9.4% stake in Liaoning Energy Industrial Co., Ltd from Shenyang Coal Trade Group Corporation Limited Liability Company on October 19, 2020. Liaoning Transportation Investment CO.,LTD. entered into an agreement to acquire 9.4% stake in Liaoning Energy Industrial Co., Ltd. from Shenyang Coal Trade Group Corporation Limited Liability Company on December 8, 2020. Under the transaction, Liaoning Transportation Investment CO.,LTD. is acquiring 124.3 million shares of Liaoning Energy Industrial Co., Ltd. from Shenyang Coal Trade Group Corporation Limited Liability Company. The transaction has been approved by the Liaoning SASAC on November 13, 2020. The transaction has been approved by the Directors of Liaoning Transportation Investment on November 18, 2020.
Liaoning Transportation Investment CO.,LTD. completed the acquisition of 9.4% stake in Liaoning Energy Industrial Co., Ltd from Shenyang Coal Trade Group Corporation Limited Liability Company on February 4, 2021.
Liaoning Energy Industry Co Ltd, formerly Liaoning Hongyang Energy Resource Invest Co Ltd, is a China-based company principally involved in the manufacturing and sales of coal and electricity, urban heating and the provision of industrial steam services. Its coal types are mainly metallurgical coal and thermal coal, which are sold to large steel companies and power plants. The company mainly has two cogeneration power plants. The Company principally conducts its businesses in Liaoning and Inner Mongolia Provinces in China.
Liaoning Transportation Investment CO.,LTD. completed the acquisition of 9.4% stake in Liaoning Energy Industrial Co., Ltd from Shenyang Coal Trade Group Corporation Limited Liability Company.