Huadian International 940 million, coal-mining enterprise equity

Yesterday, Huadian International issued a notice, has been on the acquisition of the right to a partial stake in the company's parent company, Inner Mongolia JINWO Investment Co., Ltd. reached an agreement. The agreement stipulates that Huadian International will take nearly 940 million yuan to acquire 35% of the company's shares.　　This is only one small step in the company's acquisition of upstream assets, and the greater ambition of Huadian international lies in the future of 1 billion coal fields. The acquisition is following the Yijiafu mining, Great Wall coal mine, Chint Company (Mount Kazakhstan map coal) and the company (Black astringent), Huadian International and Xinwen Mining group in Shanghai Temple Mining Area Western investment cooperation in the fifth coal mine.　　But apparently this did not satisfy Huadian International's appetite, the company said it will eventually develop with the new Timor mining strategy in the Western District of Shanghai Temple Coal Field, the block total reserves of more than 1 billion tons, planning total capacity of more than 10 million tons. In fact, the country's five largest power generation companies from the beginning of last year, frequent acquisition of upstream coal assets. On the one hand extends own industry chain, cultivates the new profit growth point, on the other hand also may alleviate in "the Coal electricity Reds" the hostage situation.