Brief: Henan Jinma Energy Co Enters Agreement For Proposed Expansion Cooperation Plan With Yugang Coking
09/05/2019 13:33
May 9 (Reuters) - Henan Jinma Energy Co Ltd 6885.HK :
* COMPANY AND YUGANG COKING ENTERED INTO A FRAMEWORK
AGREEMENT IN
RELATION TO GROUP'S PROPOSED EXPANSION COOPERATION PLAN
* TENTATIVELY, CONSIDERATION FOR DEAL SHALL NOT EXCEED
RMB150
MILLION
* CO AND YUGANG COKING ENTERED FRAMEWORK AGREEMENT; INTENDED
THAT
CO WILL CONSTRUCT NEW COKING FACILITY
* CO TO ASSUME AND CONSOLIDATE YUGANG COKING'S PRODUCTION
CAPACITY
IN RESPECT OF 600,000 TONS OF COKE/ANNUM INTO NEW COKING
FACILITY
Source text for Eikon: ID:nHKS3SFrFX
Further company coverage: 6885.HK
((Reuters.Briefs@thomsonreuters.com;))
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