Shaanxi Coal Supply Chain Management Co., Ltd announced that it expects to receive CNY 500 million in funding from CCS Supply Chain Management Co., Ltd., Shaanxi Coal and Chemical Industry Group Co., Ltd.
Shaanxi Coal Supply Chain Management Co., Ltd announced a private placement of common shares for gross proceeds of CNY 500 million on December 2, 2021. The transaction will include participation from CCS Supply Chain Management Co., Ltd for CNY 245 million and Shaanxi Coal and Chemical Industry Group Co., Ltd. for CNY 255 million and will acquire 5.67% stake in the company. The transaction has been approved by the twenty-sixth meeting of the third board of directors.