Datong Coal Mine Group Power Energy Co., Ltd. cancelled the acquisition of Shanxi Zhangdian Science and Technology Research Institute Co., Ltd. from Shanxi Zhangze Electric Power Co., LTD..
March 16, 2021
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Datong Coal Mine Group Power Energy Co., Ltd. signed share transfer agreement to acquire Shanxi Zhangdian Science and Technology Research Institute Co., Ltd. from Shanxi Zhangze Electric Power Co., LTD. (SZSE:000767) for CNY 9.4 million on March 17, 2020. Under the terms of the transaction, within 10 working days after the signing of agreement, Datong Coal Mine Group Power Energy Co., Ltd. will pay the transfer price to Shanxi Zhangze Electric Power Co., LTD. In a related transaction, Datong Coal Mine Group Power Energy Co., Ltd. signed share transfer agreement to acquire all assets and liabilities of Shanxi Zhangze Electric Power Co., Ltd. Electric Power Technology Research Center from Shanxi Zhangze Electric Power Co., LTD. for CNY 49.1 million. For the year ended December 31, 2019, Shanxi Zhangdian Science and Technology Research Institute Co., Ltd. reported total assets of CNY 10.2 million, total common equity of CNY 9.3 million, total revenues of CNY 4.1 million, operating profile of CNY 2.3 million and net income of CNY 2.1 million. The transaction was approved by the 14th session of Shanxi Zhangze Electric Power Co., LTD.'s 9th directorate.
Datong Coal Mine Group Power Energy Co., Ltd. cancelled the acquisition of Shanxi Zhangdian Science and Technology Research Institute Co., Ltd. from Shanxi Zhangze Electric Power Co., LTD. (SZSE:000767) on March 17, 2021.
Jinneng Holding Shanxi Electric Power Co Ltd, formerly Shanxi Zhangze Electric Power Co Ltd, is a China-based company principally engaged in the production and distribution of electricity and heat. The Company is also engaged in the development and sale of fuel, materials, electric power technologies and power materials. The Companyâs main products include thermal power electricity, wind power electricity, photovoltaic power, heat and coal. The Company also provides maintenance services and finance lease services. The Company mainly operates its business in North China and northwest area of China.
Datong Coal Mine Group Power Energy Co., Ltd. cancelled the acquisition of Shanxi Zhangdian Science and Technology Research Institute Co., Ltd. from Shanxi Zhangze Electric Power Co., LTD..