Xinji Energy: Shareholder raises stake above 31%

China Coal Xinji Energy (SSE:601918) announced that its controlling shareholder, China Coal Energy Group, has increased its stake in the company from 30.62% to 31.00%. This move is part of the previously announced shareholding increase plan, disclosed on January 4, 2025, which allows China Coal Energy to increase its shareholding by between CNY250 million and CNY500 million, but the increase cannot exceed 2% of the company’s total share capital. China Coal Energy has implemented this increase through centralized bidding on the Shanghai Stock Exchange between April 8, 2025, and June 6, 2025. The company stated that the shareholding increase is not yet complete and China Coal Energy will continue to monitor market conditions and may accelerate the plan. The company also indicated that this equity change does not trigger a mandatory offer.