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Guanghui Energy's Unit to Subscribe for 366 Million Yuan Worth of Capital in Three Companies

MT Newswires Live
Sep 30

Guanghui Energy's (SHA:600256) unit, Balikun Guanghui Malang Mining, plans to subscribe for 365.9 million yuan worth of capital in three companies, including the unpaid equity of Guanghui Energy's (SHA:600256) two subsidiaries, according to a Shanghai bourse filing on Wednesday.

Malang Mining will subscribe for 229.9 million yuan and 112.2 million yuan worth of capital in Guanghui Energy's subsidiaries, Guanghui Ningxia Coal Storage and Distribution and Gansu Guanghui Xinjiang Coal Logistics, respectively.

The Chinese energy company will own almost 46% of Ningxia Coal Storage and 42% of Guanghui Xinjiang Coal Logistics.

Malang Mining will also subscribe for 23.8 million yuan of Gansu Xinjiang Coal Logistics' newly registered capital.

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