Kailuan Energy Chemical Co.,Ltd. (SHSE:600997) agreed to acquire remaining 20% of stake in Tangshan Zhongyang New Energy Co., Ltd. from Beijing Jinhuiyou Management Consulting Co., Ltd. for CNY 10.4 million on October 27, 2022. Tangshan Zhongyang has a total assets of CNY 137 million and net assets of CNY 51 million as of June 30, 2022. The transaction has been approved by the board of Kailuan Energy.