Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) signed a letter of intent to acquire a majority stake in Shanxi Jinzhou Chemical Co., Ltd. from Shanxi Jinzhou Coke Co.,Ltd. on October 9, 2017. Under the terms, Shanxi Meijin Energy Co.,Ltd. agreed to acquire more than 51% stake in Shanxi Jinzhou Chemical Co., Ltd. through use of self owned funds. As of October 9, 2017, Shanxi Jinzhou Chemical Co., Ltd. is 100% owned by Shanxi Jinzhou Coke Co.,Ltd. The transaction was approved by the Board of Directors of Shanxi Meijin Energy Co.,Ltd. in the 6th session of 8th directorate. Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) cancelled the acquisition of a majority stake in Shanxi Jinzhou Chemical Co., Ltd. from Shanxi Jinzhou Coke Co.,Ltd. on October 9, 2018.