Dayou Energy to transfer 49% equity of Yuxin Coal Company

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.Asian Metal Copyright, Ltd.Asian Metal Copyright Dayou Energy holds 49% equity of Yuxin Coal Company now.Asian Metal Copyright, a holding subsidiary of Dayou Energy.Asian Metal Copyright Since the safety accident in 2014, Yuxin Coal Company have faced financial situation deterioration and insolvency.Asian Metal CopyrightDayou 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.Asian Metal Copyright 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.Asian Metal Copyright Dayou Energy holds 49% equity of Yuxin Coal Company now.Asian Metal Copyright65 million (USD5.Asian Metal Copyright65 million USD5.Asian Metal Copyright60 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.Asian Metal Copyright60 million.Asian Metal Copyright, a holding subsidiary of Dayou Energy.Asian Metal Copyright 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.Asian Metal Copyright Dayou Energy gives up the right of pre-emption.
.Asian Metal CopyrightDayou 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 investmentAsian Metal Copyright