China-coal energy increase expands parent company to inject assets

In May, when production resumed growth but sales were still weak in China coal, the shares were favoured in the high afternoon, with an increase of 3.13% to HK $9.23 and a 10.1 million-share deal, which was expected to be stimulated by the infusion of parent assets and the announcement of output growth targets.　　Wang, the company's chairman, recently said that its parent company, China Coal Energy group, plans to inject new assets into listed companies in the next few months; Wang also said the company plans to increase coal production by 10 million tonnes this year and 2010 respectively, and about 110 million tonnes and 120 million tonnes.　　It is also planned to increase coal production by one-fold in 2009-2014, by merging and exploiting new mines (about 100 million tonnes in 2008). The China Coal Energy shares (601898-CN) are suspended for a day for holding shareholder meetings.