Jizhong Energy progresses with Qinglong coal equity transfer

Jizhong Energy Resources (SZSE:000937) is moving forward with its plan to divest its 90% equity stake and associated creditor rights in Shanxi Jineng Qinglong Coal Industry. The initial announcement for the proposed sale was made on December 27, 2024, to improve asset turnover and quickly recover capital. The listing application has been accepted by the Hebei Property Rights Market, with a formal information disclosure announcement published. The asking price for the 90% equity and associated debts of Qinglong Coal is set at 2,116,335,800 RMB. The initial listing period runs from February 21, 2025, to March 20, 2025. The company acknowledges that deal is subject to uncertainty and advises investors to be aware of the risks involved.