China Coal Energy announced that China Coal, the controlling shareholder of the company, previously disclosed plans to increase its holdings by no less than 50 million yuan and no more than 100 million yuan of A-shares within 12 months, and that the increase in holdings will not exceed 2% of the total share capital. Recently, the Beijing branch of the Industrial and Commercial Bank of China issued a loan commitment letter to China Coal, agreeing to provide a special loan of no more than 90 million yuan and no more than 90% of the actual increase in holdings. The loan period is not more than 3 years. China Coal will take the opportunity to increase its holdings, and the company will continue to disclose progress.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.