Yitai Coal discusses 2024 results, ST Newcore acquisition

Inner Mongolia Yitai Coal (SSE:900948) held an online performance briefing on May 7, 2025, to discuss its 2024 annual results and the first quarter of 2025. Key topics included the proposed acquisition of ST Newcore. Management addressed investor questions about due diligence on ST Newcore's US assets, the strategic rationale for the acquisition, and plans to restore control over ST Newcore's US subsidiary. Yitai Coal emphasized its intent to enhance ST Newcore's operations, governance, and asset quality through the acquisition. The company also addressed shareholder inquiries regarding future dividend plans, stating that dividend policies will consider earnings, strategy, capital needs, and shareholder returns.