268 million buy Chint 20% stake

Source: Internet
Author: User
Keywords Equity Chint
Huadian International (600027) announcement, will be RMB 268 million yuan to buy the company held Otok Thai Trading Co., Ltd. 20% equity. The announcement said that Chint is holding a map of the coal mine prospecting rights. According to the National Development and Reform Commission approved the mining area planning, Mount Hatu coal resources total 216.11 million tons, recoverable reserves of 158.42 million tons, minefield planning capacity of 1.2 million tons/year.  The coal mine is eligible for expansion to 2.4 million tonnes/year and the plan will be put into production by the end of 2011. The company said, Mount Kazakhstan map coal quality, convenient transportation, from the company's investment in Ningxia regional power plant is relatively near, can provide a stable high-quality coal source. It is beneficial for the company to acquire more coal resources and more development space, and to extend the upstream industrial chain and cultivate new profit growth points.
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