Brief: Henan Jinma Energy Updates On Possible Phasing Out Of Two Of Group's 4.3 Meter Coking Furnaces
19/11/2020 15:14
Nov 19 (Reuters) - Henan Jinma Energy Co Ltd 6885.HK :
* WILL ARRANGE TO SUBMIT PROPOSAL REGARDING GROUP’S PLAN TO
PHASE
OUT JINMA 4.3M FURNACES TO RELEVANT PRC GOVERNMENTAL AUTHORITIES
* IS OF VIEW THAT PHASING OUT OF JINMA 4.3M FURNACES COULD,
IN
INTERIM REDUCE GROUP'S EXISTING AGG COKE PRODUCTION BY UP TO
ABOUT 48%
* OF VIEW THAT PHASING OUT OF JINMA 4.3M FURNACES COULD
POTENTIALLY HAVE MATERIAL ADVERSE EFFECT ON GROUP'S BUSINESS &
OPERATIONS
Source text https://bit.ly/2Hhhnw3
Further company coverage: 6885.HK
((Reuters.Briefs@thomsonreuters.com;))
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