Hangzhou Shoucheng Shukun Enterprise Management Partnership (Limited Partnership) singed an agreement to acquire 5.01% stake in Shanxi Meijin Energy Co.,Ltd. from Meijin Energy Group Co., Ltd. for CNY 2 billion.
September 17, 2019
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Hangzhou Shoucheng Shukun Enterprise Management Partnership (Limited Partnership) singed an agreement to acquire 5.01% stake in Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) from Meijin Energy Group Co., Ltd. for CNY 2 billion on September 18, 2019. Hangzhou Shoucheng Shukun Enterprise Management will acquire 205 million shares at a price of CNY 9.6 per share. In view of the fact that some of the stocks in the underlying stock are pledged to Huachuang Securities Co., Ltd., The Pacific Securities Co., Ltd. and Bohai International Trust Co., Ltd., within 5 working days from the confirmation letter of the pledgee agreement to release pledge or allow to transfer the shares, and the “Confirmation of Share Transfer Application” issued by the Shenzhen Stock Exchange, Hangzhou Shoucheng shall pay the first transfer price of CNY 400 million. Within 5 working days from the date of Hangzhou Shoucheng’s payment of the first transfer, Shanxi Meijin Energy shall coordinate the pledgee to release the relevant stock pledge and ensure that the underlying stock will be released completely from pledgee and meet the stock transfer requirements within 7 working days from the date of the payment. Within 15 working days from the date when the subscribed stock transfer registration is completed and pledge released, Hangzhou Shoucheng shall pay the second transfer price of CNY 1.6 billion.
Shanxi Meijin Energy Co., Ltd. specialises in the production and marketing of coal and coke.
The group also develops Hydrogen Fuel Cell vehicle and hydrogen refuelling station construction activities.
All sales are earned in China.
Hangzhou Shoucheng Shukun Enterprise Management Partnership (Limited Partnership) singed an agreement to acquire 5.01% stake in Shanxi Meijin Energy Co.,Ltd. from Meijin Energy Group Co., Ltd. for CNY 2 billion.