China XLX Fertiliser to Dispose 100% Stake in Step-Down Subsidiary

MT Newswires Live05-29

China XLX Fertiliserâs (HKG:1866) unit Henan Xinlianxin Chemicals Group agreed to sell 100% equity interests of Manas Tianxin Coal to Anhui Lingtong and Xinjiang Blackstone for 1.37 billion yuan, according to a Tuesday filing with the Hong Kong Exchange.

As per the agreement, Minas has agreed to settle all of its liabilities to Xinlianxin Chemicals, the filing added.

The company's shares were up 1% in recent trade.

Price (HKD): $3.87, Change: $+0.04, Percent Change: +1.04%

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