Gelonghui, January 19 | Green Leader Holdings (00061.HK) announced that on January 19, 2024, the company's indirect wholly-owned subsidiaries, Shanxi Ruiying Investment Management Co., Ltd., Shanxi Changtong Energy Co., Ltd., and Taiyuan Zhituo Investment Consulting Co., Ltd. issued a letter of commitment for Shanxi Coal Distribution and Marketing Group Energy Investment and Development Co., Ltd. to use Xishan Coal and Electricity as the beneficiary.
Since the acquisition of Shanxi Coal Group on June 7, 2013, Shanxi Ruiying, Shanxi Changtong, and Taiyuan Zhituo have jointly held 49% of the shares of Shanxi Coal Group at 26%, 15%, and 8% respectively. The remaining 51% of Shanxi Coal Group's shares (i) are held by Jinneng Holding Group Co., Ltd.; and (ii) 10% is held by Shanxi Energy Industry Group Co., Ltd.
Shanxi Coal Group is mainly engaged in coal exploration and development, sales of coking coal and other coal products, and provision of coal-related services. Since Shanxi State-owned Capital Operation Co., Ltd. issued the “Notice on Promoting Coal Mine Asset Restructuring of Shanxi Coking Coal Group Co., Ltd.”, Shanxi Coal Group underwent a restructuring. On January 19, 2024, Jinneng transferred 41% of its shares in Shanxi Coal Group (including its right to appoint directors of Shanxi Coal Group) to Shanxi Coking Coal Group Coal Industry Management Co., Ltd., and the relevant shares were managed by its subsidiary Xishan Coal (Group) Co., Ltd. As of the date of this announcement, the filing process for Shanxi Coking Coal was registered in China as a shareholder holding 41% of the shares of Shanxi Coal Group. Jinneng, Shanxi Coking Coal, Xishan Coal and Electricity, and Shanxi Energy are all state-owned enterprises in China.