Merger and reorganization of small coal mines around Yangquan

Yangxin (600348) August 3 announcement, the company agreed to subordinate holding subsidiary Shanxi Guoyangtian Thai Investment Co., Ltd. to participate in Shanxi coal mine merger and reorganization matters. At the same time, the national Yangxin can be authorized to authorize the country Yang Tiantai according to the resolution of the Conference, including but not limited to the Shanxi Province Yangquan Pingding County Government, 12 coal companies to negotiate and negotiate, sign and fulfill relevant agreements and contracts and other related acquisitions, mergers, foreign investment and resource integration, and other matters,　　And according to Shanxi province on the merger and reorganization of coal mining enterprises and the requirements of the merger and reorganization of Yangquan Pingding County surrounding the other coal mines.　　In order to make the country Yang Tiantai can participate in coal mine reorganization, the country yangxin can specially to the country Yang Tiantai to raise capital.　　Yangxin can convene the second general meeting of shareholders in 2010 to consider the adoption of a bill on the Yang Tiantai of wholly-owned subsidiary countries. In order to meet the national Yang Tiantai in the conditions of good economic strength to participate in Shanxi coal resources integration and coal mine merger and reorganization, according to the company and Beijing run Tatsu International Investment Management Co., Ltd. signed an increase in the agreement, the company will pay the country Yang Tiantai registered capital, cash 570 million yuan to the country Yang Tiantai to increase capital　　, run Tatsu company will be in cash 98,003.940,000 yuan to the state Yang Tiantai to increase capital. Shanxi coal mine annexation and reorganization has become a feast for the major coal companies in the province. Lu ' an group chairman Ninuho had previously told the China Securities News reporter, Lu ' an group in Linfen, Jinzhong, Xinzhou, Luliang, Changzhi and other cities to carry out coal mine merger and reorganization of the integration work, a total of 101 integrated mine, restructured 34, integrated capacity of 31.5 million tons/year, integration of 3 billion tons of resources.