Jizhong Energy halts Qinglong coal equity transfer

Jizhong Energy Resources (SZSE:000937) announced the termination of its plan to publicly list and transfer its 90% equity stake and associated creditor rights in Shanxi Jineng Qinglong Coal Industry Co., Ltd. ("Qinglong Coal"). The decision, disclosed on March 25, 2025, comes after the public listing period from February 21, 2025, to March 20, 2025, failed to attract any qualified bidders through the Hebei产权 market. The original plan, approved in December 2024, aimed to boost asset liquidity. Jizhong Energy clarified that the termination will not significantly impact the company's ongoing operations and confirmed it will retain its 90% equity stake in Qinglong Coal. The company advises investors to be aware of investment risks.