Jiangxi Tungsten to take control of Anyuan Coal in share transfer

Jiangxi Tungsten Holding Group will acquire a 39.34% stake in Anyuan Coal Industry Group (SSE: 600397) through a state-owned share transfer from Jiangxi Energy Group. The transfer involves 389,486,090 shares, making Jiangxi Tungsten the new controlling shareholder of Anyuan Coal. The transaction will not involve any cash payment and is part of a broader restructuring of state-owned assets. Despite the change in controlling shareholder, the ultimate control of Anyuan Coal will remain with the Jiangxi State-owned Assets Supervision and Administration Commission. The transfer is subject to regulatory approvals.