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Jizhong Energy: plans to acquire 20.02% equity of Duanwang Coal Industry held by Jianxin Investment for 898 million yuan.
Jin10 Data reported on April 23 that Jizhong Energy announced that the company intends to sign an equity transfer protocol with Jianxin Investment to acquire 20.02% of the equity of Duanwang Coal Industry held by Jianxin Investment for 898 million yuan. After the transaction is completed, Jizhong Energy’s controlling stake in Duanwang Coal Industry will increase to 83.21%. This acquisition does not constitute a related party transaction or a major asset restructuring and does not require submission for shareholder meeting review.