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the first one in shanxi! this long-established listed company invested 500 million in an acquisition, and mergers and acquisitions and reorganizations are on the rise...

2024-09-29

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antai group issued an evening announcement on september 26 that the company plans to purchase part of the equity of shanxi jiexiu xingyugou zuozegou coal co., ltd. for no more than 500 million yuan, and the expected transfer ratio is 20%-45%.

according to incomplete statistics from jinrong society, on the evening of september 26, at least six listed companies, including antai group, issued announcements related to mergers and acquisitions. after the china securities regulatory commission issued the "opinions on deepening the market reform of mergers, acquisitions and reorganizations of listed companies" (hereinafter referred to as the "six mergers and acquisitions") issued by the china securities regulatory commission on september 24, the capital operations of listed companies have picked up significantly.

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the announcement shows that antai group signed a "letter of intent for equity transfer" with yang ruiping and shanxi jiexiu xingyugou zuozegou coal co., ltd. (the target company). the listed company plans to transfer the shares held by yang ruiping and his related parties in cash or other means. some have partial shares in the target company.

antai group needs to prepay 150 million yuan to yang ruiping as a deposit for this transaction within 15 working days from the date of signing the above-mentioned letter of intent.

zuozegou coal, the subject of the transaction, was established in july 2001. it is an enterprise mainly engaged in coal mining and washing. the company currently owns coal mines with retained reserves of approximately 86 million tons and recoverable reserves of approximately 58 million tons. the main coal type is high-quality coking coal.

antai group made it clear that this transaction is mainly to ensure the supply of raw coal required for the company's coke production, cope with coal market fluctuations, enhance its ability to resist risks, increase the profitability of coke products, and improve the company's operating performance.