Cinda Securities Company Limited signed a share transfer agreement to acquire a 5.29% stake in Shanxi Meijin Energy Co., Ltd. (SZSE:000723) from Meijin Energy Group Co., Ltd. for CNY 1.5 billion on July 2, 2021. Under the transaction, Cinda Securities Company Limited will acquire 226,000,000 shares of Shanxi Meijin Energy Co., Ltd. Out of the total consideration, Cinda S ecurities Company Limited shall pay the first share transfer price of no less than CNY 200 million from the date of signing of the agreement to the date before the completion of the transfer registration of Shanxi Meijin Energy Co., Ltd. shares and within 15 working days after the completion of the transfer and registration process, Cinda Securities Company Limited shall pay the remaining share transfer consideration. Post transaction, Meijin Energy Group Co., Ltd.'s holding in Shanxi Meijin Energy Co., Ltd. will change from 52.77% to 47.48% and remain the company’s controlling shareholder. Cinda Securities Company Limited completed the acquisition of 5.29% stake in Shanxi Meijin Energy Co., Ltd. (SZSE:000723) from Meijin Energy Group Co., Ltd. on July 23, 2021.