Jiangsu Shanmei Logistics Co., Ltd. cancelled the acquisition of acquire Shanxi Coal International Energy Group Tianjin Co., Ltd., Shanxi Coal International Energy Group Qingdao Co., Ltd., Shanxi Coal International Energy Group Rizhao Co., Ltd., Shanxi Coal International Energy Group Tangshan Co., Ltd. and Shanxi Coal International Energy Group Huadong Sales Co., Ltd. from Shanxi Coal International Energy Group Co.,Ltd.
November 22, 2019
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Jiangsu Shanmei Logistics Co., Ltd. agreed to acquire Shanxi Coal International Energy Group Tianjin Co., Ltd., Shanxi Coal International Energy Group Qingdao Co., Ltd., Shanxi Coal International Energy Group Rizhao Co., Ltd., Shanxi Coal International Energy Group Tangshan Co., Ltd. and Shanxi Coal International Energy Group Huadong Sales Co., Ltd. from Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) for CNY 10 million on November 23, 2018. The consideration for 100% stake in Shanxi Coal International Energy Group Rizhao Co., Ltd. is CNy 10 million and the consideration for other 4 target companies is CNY 1. Shanxi Coal International Energy Group Tianjin Co., Ltd. reported total assets of CNY 561.8 million and net liabilities of CNY 580.5 million as of September 30, 2018. Shanxi Coal International Energy Group Qingdao Co., Ltd. reported total assets of CNY 537.8 million and net liabilities of CNY 238.1 million as of September 30, 2018. Shanxi Coal International Energy Group Rizhao Co., Ltd. reported total assets of CNY 173.4 million and net liabilities of CNY 26.8 million as of September 30, 2018. Shanxi Coal International Energy Group Tangshan Co., Ltd. reported total assets of CNY 669.7 million and net liabilities of CNY 25.5 million as of September 30, 2018. Shanxi Coal International Energy Group Huadong Sales Co., Ltd reported total assets of CNY 401.8 million and net liabilities of CNY 96 million as of September 30, 2018. The transaction has been approved by the Board of Shanxi Coal International Energy Group Co.,Ltd.
Jiangsu Shanmei Logistics Co., Ltd. cancelled the acquisition of acquire Shanxi Coal International Energy Group Tianjin Co., Ltd., Shanxi Coal International Energy Group Qingdao Co., Ltd., Shanxi Coal International Energy Group Rizhao Co., Ltd., Shanxi Coal International Energy Group Tangshan Co., Ltd. and Shanxi Coal International Energy Group Huadong Sales Co., Ltd. from Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) on November 23, 2019.
Shanxi Coal International Energy Group Co.,LTD mainly operates through three business segments, including Coal Production segment, Sale and Transportation of Coal segment and Non-coal Trading segment. Coal Production segment is involved in the production of raw coal and cleaned coal for the production of coke coal and power coal. Sale and Transportation of Coal segment is involved in the sale and transportation of power coal, coking coal, anthracite coal and semi-anthracite coal, which are mainly used in electric power and metallurgy industries. Non-coal Trading segment is involved in the trading of other mineral products and steel. The Company operates its business in domestic market and to overseas market.
Jiangsu Shanmei Logistics Co., Ltd. cancelled the acquisition of acquire Shanxi Coal International Energy Group Tianjin Co., Ltd., Shanxi Coal International Energy Group Qingdao Co., Ltd., Shanxi Coal International Energy Group Rizhao Co., Ltd., Shanxi Coal International Energy Group Tangshan Co., Ltd. and Shanxi Coal International Energy Group Huadong Sales Co., Ltd. from Shanxi Coal International Energy Group Co.,Ltd.
SHANXI COAL INTERNATIONAL ENERGY GROUP CO.,LTD 
