Major Shareholder of China Coal Energy Secures Special Loan Commitment for Stock Buyback

Stock News07-31

CHINA COAL ENERGY COMPANY (01898) announced that its controlling shareholder, China National Coal Group, has received a loan commitment letter from the Industrial and Commercial Bank of China Beijing Branch. The loan is designated to support the shareholder's plan to increase its stake in the company's A-shares.

According to the announcement, the loan amount will not exceed RMB 90 million and is capped at 90% of the total amount actually used for the share purchase. The loan term is set at no more than three years.

China National Coal Group stated it will exercise reasonable judgment based on the company's stock value, market trends, and share price fluctuations to determine the timing for gradually implementing the share purchase plan.

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