Coal enterprise HBMG in Anhui listed after reorganization
2018-10-26 16:28:55 [Print]
On Oct 18, Huaibei Mining Holdings Co., Ltd. was officially listed on Shanghai Stock Exchange after reorganization and renaming. The stock short name was changed from "Leiming Kehua" to "Huaibei Mining". This is the only state-owned large coal enterprise in coal industry in China that has been reorganized and listed since February 2014.
Huaibei Mining Holdings Co., Ltd. is a listed company controlled by Huaibei Mining Group. It has now developed into a state-owned large-scale enterprise with coal-fired chemical industry as the mainstay and supplemented by civil explosive industry. The total assets are nearly RMB60 billion. It has 17 pairs of subordinate mines with an annual raw coal capacity of 35.75 million tons and annual coke capacity of 4.4 million tons; 5 thermal coal washing plants with an annual capacity of 10.2 million tons; 4 coking coal prep coal washing plants with an annual capacity of 29 million tons.
Since the listing of Huaibei Mining Holdings started in 2009, after nearly 10 years' hard work, finally it was listed by reorganization relying on the affiliated platform Anhui Leiming Kehua Co., Ltd. After the reorganization of Huaibei Mining, the total share capital increased from 300 million shares to more than 2.1 billion shares; total assets increased from RMB2.4 billion to RMB60 billion; operating income increased from RMB960 million to RMB50 billion. The shareholding ratio of Huaibei Mining Group increased from 35.66% to 77.13%.
Huaibei Mining Holdings Co., Ltd. is a listed company controlled by Huaibei Mining Group. It has now developed into a state-owned large-scale enterprise with coal-fired chemical industry as the mainstay and supplemented by civil explosive industry. The total assets are nearly RMB60 billion. It has 17 pairs of subordinate mines with an annual raw coal capacity of 35.75 million tons and annual coke capacity of 4.4 million tons; 5 thermal coal washing plants with an annual capacity of 10.2 million tons; 4 coking coal prep coal washing plants with an annual capacity of 29 million tons.
Since the listing of Huaibei Mining Holdings started in 2009, after nearly 10 years' hard work, finally it was listed by reorganization relying on the affiliated platform Anhui Leiming Kehua Co., Ltd. After the reorganization of Huaibei Mining, the total share capital increased from 300 million shares to more than 2.1 billion shares; total assets increased from RMB2.4 billion to RMB60 billion; operating income increased from RMB960 million to RMB50 billion. The shareholding ratio of Huaibei Mining Group increased from 35.66% to 77.13%.
