Anyuan Coal Industry: Shareholder change advances, subsidiary established

Anyuan Coal Industry Group [SSE:600397] is progressing towards a change in its controlling shareholder, as Jiangxi Provincial State-owned Assets Supervision and Administration Commission (SASAC) finalizes the transfer of its 47.0163% stake in Jiangxi Tungsten Holding Group to Jiangxi Investment Group. Consequently, Jiangxi Tungsten Holding Group will replace Jiangxi Energy Group as Anyuan Coal's controlling shareholder, holding 39.34% of the company's shares. The actual controller remains the Jiangxi Provincial SASAC.