Tianhong Coal Dressing intends to acquire 100% shares of Wuhan Pingjiao

Pingdingshan Tian’an Coal Mining announced on late 13 November that its wholly owned subsidiary of Tianhong Coal Dressing company intended to acquire 100% shares of Wuhan Pingjiao Company, a wholly owned subsidiary of Tianhong Coking Company, with the transaction price of RMB523 million.Asian Metal Copyright When the transaction is completed, Tianhong Coal Dressing Company will become a complete coal production unit and can provide reliable guarantee for coal preparation system.Asian Metal Copyright When the transaction is completed, Tianhong Coal Dressing Company will become a complete coal production unit and can provide reliable guarantee for coal preparation system.Asian Metal Copyright In addition, the company intended to expend RMB125 million to purchase part of the fixed assets of the equipment leasing company under the controlling shareholder.Asian Metal Copyright In addition, the company intended to expend RMB125 million to purchase part of the fixed assets of the equipment leasing company under the controlling shareholder.Asian Metal Copyright Note: China Pingmei Shenma Group is the controlling shareholder of the company, and holds 94.Asian Metal Copyright (Note: China Pingmei Shenma Group is the controlling shareholder of the company, and holds 94.Asian Metal Copyright In addition, the company intended to expend RMB125 million to purchase part of the fixed assets of the equipment leasing company under the controlling shareholder.Asian Metal Copyright46% shares of Tianhong Coking Company.)

.Asian Metal Copyright46% shares of Tianhong Coking CompanyAsian Metal Copyright