Shanxi Caihui Capital Management Co., Ltd. completed the acquisition of minority stake in 11 Companies from Shanxi Coal International Energy Group Co.,Ltd and Jiangsu Shanmei Logistics Co., Ltd.
July 30, 2019
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Shanxi Caihui Capital Management Co., Ltd. agreed to acquire minority stake in 11 Companies from Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) and Jiangsu Shanmei Logistics Co., Ltd. for CNY 11 on June 14, 2019. The transaction will take place as a result of listing the companies on the Shanxi Provincial Equity Exchange Market Co., Ltd. As part of the transaction, Shanxi Caihui Capital will acquire 49% of Shanxi Coal International Energy Group Shanxi Chentian International Trade Co., Ltd., Shanxi Coal International Energy Group Jincheng Co., Ltd., Shanxi Coal Import and Export Co., Ltd., Shanxi Coal International Energy Group Linfen Co., Ltd. and Shanxi Coal International Energy Group Jinzhong Co., Ltd., 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 East China Sales Co., Ltd. and 39% of Inner Mongolia Shanxi Coal Chengda Trading Co., Ltd.
Shanxi Caihui Capital Management Co., Ltd. completed the acquisition of minority stake in 11 Companies from Shanxi Coal International Energy Group Co.,Ltd (SHSE:600546) and Jiangsu Shanmei Logistics Co., Ltd. on July 1, 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.
Shanxi Caihui Capital Management Co., Ltd. completed the acquisition of minority stake in 11 Companies from Shanxi Coal International Energy Group Co.,Ltd and Jiangsu Shanmei Logistics Co., Ltd.
SHANXI COAL INTERNATIONAL ENERGY GROUP CO.,LTD 
