The story
Founded by Shanxi Coking Coal Group in 1969.1
Shanxi Coking Co., Ltd. was incorporated on 23 October 1995 as company limited by shares, as a subsidiary of Shanxi Coking Group (Chinese: 山西焦化集团). On 8 August 1996, the shares of the company started to float on Shanghai Stock Exchange. In 2001 the parent company merged with other companies to form Shanxi Coking Coal Group (Chinese: 山西焦煤集团). In 2005 Shanxi Coking Group sold 24.19% stake of the listed company to Xishan Coal and Electricity Power (Chinese: 西山煤电股份) another listed company and subsidiary of Shanxi Coking Coal Group for CN¥260 million (CN¥4.87 per share). After the deal Shanxi Coking Group owned 34.15% stake and Xishan Coal & Electricity Power owned 24.19% stake. After several capital increases, Shanxi Coking Group owned 14.22% stake and Xishan Coal & Electricity Power owned 11.50% stake only.
A backdoor listing of 49% equity stake in Huajin Energy (Chinese: 山西中煤华晋能源有限责任公司) was announced in April 2016 by issuing new shares and cash to acquire from Shanxi Coking Group. The rest of the stake was owned by another listed company (and competitor) China Coal Energy. After the deal, Shanxi Coking Coal Group would owned 47.87% stake of the listed company via wholly owned subsidiary Shanxi Coking Group and 5.27% stake via subsidiary Xishan Coal and Electricity Power.
According to China Coal Energy, Huajin Energy produced 9.95 million tonnes of coal in 2015, accounted for 10.4% total production mass of China Coal Energy.
From Wikipedia’s article on Shanxi Coking Company, shared under CC BY-SA 4.0.3