Tangsteel Group Co., Ltd. agreed to acquire the remaining 55% stake in Tangsteel Meijin (Tangshan) Coal Chemical Co., Ltd. from Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) for CNY 717.83 million on November 9, 2023. This was approved by the 6th session of the Shanxi Meijin Energy Co.,Ltd. 10th directorate. After the transfer, Tangsteel Group Co., Ltd. will own 100% stake in the target.

Tangsteel Meijin (Tangshan) Coal Chemical Co., Ltd. reported total assets of CNY 2.13 billion and Net assets of CNY 596.23 million on September 30, 2023.