Shanxi Meijin Energy aborts major asset restructuring, plans investor call
Shanxi Meijin Energy (SZSE:000723) announced the termination of its planned major asset restructuring, which involved issuing shares to acquire stakes in three coal mining companies from Meijin Energy Group and its affiliates. The decision, approved by the board on April 11, 2025, comes after the involved parties failed to reach agreement on key commercial terms. The company will host an investor briefing on April 14, 2025, via online platform www.ir-online.cn, to discuss the matter and address investor concerns. Independent directors have affirmed that the termination aligns with the interests of the company and shareholders. Shanxi Meijin Energy commits to refraining from planning any further major asset restructurings within the next month.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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