Yankuang Group again lists to transfer 20% equity of Guizhou Energy Chemical
2019-12-26 18:02:31 [Print]
Yankuang Group will transfer 20% of the state-owned equity of Guizhou Energy Chemical Co., Ltd., with a bottom price of RMB1.37 billion (USD195.74 million). The listed transfer started from December 24, 2019 to January 20, 2020.
Yankuang Group put the equity on the market as early as October 2018, without indicating a floor price. Up to now, the subject of the transaction has been listed for four times, but the company failed to achieve the transfer in the first three times.
Established in December 2002, Guizhou Energy Chemical has successively obtained the exploration and mining rights of eight well fields. It constructed five pairs of mines in Qnglong, Fer, Xaotun, Wlunshan and Lngfeng, with an annual capacity of 10.2 million tons, making it the second largest coal enterprise in Guizhou. In addition, Guizhou Energy Chemical also invested in three large thermal power plants in Qianxi, Dafang and Faer, with an annual equity power installed capacity of 550MW, basically forming an industrial layout of coal-power pool.
Yankuang Group put the equity on the market as early as October 2018, without indicating a floor price. Up to now, the subject of the transaction has been listed for four times, but the company failed to achieve the transfer in the first three times.
Established in December 2002, Guizhou Energy Chemical has successively obtained the exploration and mining rights of eight well fields. It constructed five pairs of mines in Qnglong, Fer, Xaotun, Wlunshan and Lngfeng, with an annual capacity of 10.2 million tons, making it the second largest coal enterprise in Guizhou. In addition, Guizhou Energy Chemical also invested in three large thermal power plants in Qianxi, Dafang and Faer, with an annual equity power installed capacity of 550MW, basically forming an industrial layout of coal-power pool.
