China Coal Energy's Major Shareholder Increases Stake with Initial A-Share Purchase

Stock News16:59

China Coal Energy Company Limited (H-share: 01898) has announced that its controlling shareholder, China National Coal Group Corp, executed its first-ever purchase of the company's A-shares on September 9, 2026, according to a filing with the stock exchange.

The acquisition was carried out through the Shanghai Stock Exchange's trading system via a centralized bidding process. The controlling shareholder acquired 331,300 A-shares of the company, representing approximately 0.0025% of the company's total issued share capital. The total consideration for this transaction amounted to approximately RMB 4.996 million, excluding commission and related taxes.

This move marks the beginning of what could be a series of stake increases by the parent company, signaling a strengthening of its position in the coal energy giant amid the current market environment.

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