Shanxi Coking Coal reduces ownership tiers for state-owned assets

Shanxi Coking Coal Energy Group Co., Ltd. announced a reduction in ownership tiers between its controlling shareholder and actual controller. The change involves the Shanxi Provincial People's Government transferring 90% of Shanxi Coking Coal Group's equity, previously held by Shanxi State-owned Capital Operation Co., Ltd., directly to the Shanxi Provincial State-owned Assets Supervision and Administration Commission (SASAC). This move simplifies the ownership structure, as outlined in an official notice.

Despite this restructuring, Shanxi Coking Coal confirmed that the company's direct controlling shareholder remains Shanxi Coking Coal Group, and its actual controller remains the Shanxi Provincial SASAC. The company emphasized that this change will not affect the stability of its control, its normal production and operations, or its sustained development. Furthermore, no tender offer is involved in this equity change, and it does not harm the interests of the company or its minority shareholders.

The relevant industrial and commercial registration procedures for this equity change are still pending. Investors are advised to exercise caution and attention to investment risks.