Mountain Coal international set up billion joint venture company

Mountain Coal International (600546) August 5 announcement, the company will participate in the establishment of the Coal International Energy Group Huayuan Co., Ltd., the company registered capital of 100 million yuan, of which: Mountain Coal International to the currency of 70 million yuan, accounting for the total amount of 70% of the company's capital; Tianjin China All Energy Investment Co., Ltd.　　0 yuan, accounting for 30% of the total stock of the company.　　Tianjin, where Energy Investment Co., Ltd. registered capital of 100 million yuan, business scope: The new energy industry for investment and consulting, investment management, warehousing services, information consulting, property management, hotel administration.　　Huayuan Company Business Scope: New energy development, coal, coke, building materials, minerals, hardware, building materials industry investment, chemical products (excluding dangerous goods), coal char and its by-products of storage and transportation, advisory services. Mountain Coal International said that the foreign investment is to expand the company's business, with the main business of coal industry chain optimization upgrade, improve the company's profit growth point to ensure long-term stability of the company sustainable development.