Anyuan Coal faces scrutiny amid asset swap plans

Anyuan Coal Industry Group [SSE:600397] is under scrutiny after its stock experienced abnormal trading fluctuations, triggering inquiries from regulatory bodies. The company confirmed it is in the midst of planning a major asset restructuring involving a proposed asset swap with controlling shareholder Jiangxi Tungsten Holding Group. Jiangxi Tungsten intends to inject 57% of Ganzhou Jin Huan Magnetic Equipment via asset swap, while Anyuan Coal seeks to dispose of coal-related assets and liabilities. The difference in asset values would be settled in cash. However, the scope and specific terms of the transaction are still under negotiation, and no formal agreement has been signed.