Dayou Energy to transfer 49% equity of Yuxin Coal Company
2019-05-31 16:09:41 [Print]
Dayou Energy announced on May 30 that the company plans to openly transfer 49% equity of Yuxin Coal Company in equity market, aiming at reducing the loss of investment. Dayou Energy holds 49% equity of Yuxin Coal Company now. Since the safety accident in 2014, Yuxin Coal Company have faced financial situation deterioration and insolvency. Till August 31, 2018, Yuxin Coal company had the assets assessment value of about RMB859 million (USD124 million), liabilities evaluation value about RMB821 million (USD119 million) and the net assets value of RMB38.65 million (USD5.60 million).
The company announced on the same day that Luoyang Jinxin Group plans to transfer its 49% equity of Yimei Group Ligou Mining Co., Ltd., a holding subsidiary of Dayou Energy. Dayou Energy gives up the right of pre-emption.
The company announced on the same day that Luoyang Jinxin Group plans to transfer its 49% equity of Yimei Group Ligou Mining Co., Ltd., a holding subsidiary of Dayou Energy. Dayou Energy gives up the right of pre-emption.
