Yankuang Energy Signs Deal to Sell Xintai Coal to Ordos Wulan for RMB 3.05 Billion

Reuters03-06
<a href="https://laohu8.com/S/YZCAY">Yankuang Energy</a> Signs Deal to Sell Xintai Coal to Ordos Wulan for RMB 3.05 Billion

Yankuang Energy (Ordos) Co., Ltd., a wholly owned unit of Yankuang Energy Group Company Limited, has signed a property rights transaction contract to sell its 100% stake in Inner Mongolia Xintai Coal Company Limited to Ordos Wulan Coal (Group) Co., Ltd. for RMB 3,050.01 million, following a public tender process. The buyer is required to make a one-off payment within five business days after the contract becomes effective, and will assume all of Xintai’s debts and liabilities.

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