Shanxi Coking plans $309m-$762m in related-party transactions

Shanxi Coking (SSE:600740) has announced plans for approximately 3.09 billion to 7.62 billion yuan in related-party transactions for fiscal year 2025. The transactions primarily involve purchasing raw materials, including 3.044 billion to 7.36 billion yuan in raw coal from Shanxi Coking Coal Group, and selling coke and other products through related entities. The deals aim to secure the company's supply of essential raw materials and expand product sales channels. All related-party directors abstained from voting, with the transactions awaiting shareholder approval at the upcoming general meeting. The predicted raw coal price is between 800 to 1,600 yuan per ton. The transactions are regarded by the board as reasonable and in the best interests of the company and its shareholders.