Shanxi Coking Coal Energy Group Co. ,Ltd. (SZSE:000983) signed Equity Transfer Agreement to acquire Shanxi Fenxi Mining Group Shuiyu Coal Industry Co., Ltd. from Shanxi Fenxi Mining (Group) Co., Ltd. for CNY 6.3 billion on December 8, 2020. Under the terms, Shanxi Coking Coal will pay CNY 1.9 billion within 5 working days, CNY 1.9 billion within 3 months of closing and CNY 2.5 billion with in 12 months of completion. As of September 30, 2020, Shanxi Fenxi Mining Group Shuiyu had total assets of CNY 5.6 billion and net assets of CNY 3.4 billion. Transaction is subject to approval form shareholders of Shanxi Coking Coal. Shanxi Coking Coal Energy Group Co. ,Ltd. (SZSE:000983) completed the acquisition of Shanxi Fenxi Mining Group Shuiyu Coal Industry Co., Ltd. from Shanxi Fenxi Mining (Group) Co., Ltd. on December 29, 2021. The consideration is been paid to Shanxi Fenxi Mining (Group) Co., Ltd.