Shanxi Xishan Yongxin Coal Co., Ltd. announced that it will receive CNY 90 million in its equity round of funding on July 25, 2014. The round will include participation from existing investors, Shanxi Xishan Coal and Electricity Power Co.,Ltd. for CNY 54 million and Shanxi Yongxin Coal Coking Co., Ltd. for CNY 36 million, in the ratio of their current holdings. Shanxi Xishan Coal and Electricity Power Co.,Ltd. currently holds 60% stake and Shanxi Yongxin Coal Coking Co., Ltd. currently holds 40% stake in the company.

The registered capital of the company will increase from CNY 10 million to CNY 100 million upon closing. The transaction has been approved at 2nd session of 6th directorate of Shanxi Xishan Coal and Electricity Power Co.,Ltd. and is subject to approval from State-owned Assets Supervision and Administration Commission of Shanxi and Shanxi Coking Coal Group.