FilingReader Intelligence
Pingdingshan Tianan sells subsidiary for 1 yuan, gets 1.3bn yuan loan
July 29, 2025 at 11:10 AM UTC•By FilingReader AI
Pingdingshan Tianan Coal Mining will sell its 72% stake in subsidiary Xiangshan Coal Mine for 1 yuan based on negative valuation.
The company secured a 1.344 billion yuan loan from China Development Bank for its digital transformation project running through 2026, with a 10-year term.
Coal sales revenue fell 38.58% to 901.7 million yuan in the first half of 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Pingmei Shenma Energy and Chemical Company Limited 2025 semi-annual operating data announcementJuly 29, 2025 at 08:00 AM UTC
Audit report of Pingdingshan Tian'an Coal Industry Xiangshan Mine Company LimitedJuly 29, 2025 at 08:00 AM UTC
Announcement from Pingmei Shenma Energy and Chemical Industry Company Limited regarding the loan for the 'Pingdingshan Tianan Coal Industry Company Limited coal mine digitalization and intelligent transformation and upgrade project (2024-2026)'.July 29, 2025 at 08:00 AM UTC
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